Arizona’s Bitcoin Reserve Bill, SB 1373, has successfully passed the House Committee of the Whole. The bill is now set to move forward to the Third Reading and the final floor vote. This significant step brings Arizona closer to establishing a Bitcoin reserve, potentially strengthening the state’s role in the cryptocurrency space. If approved, this bill could have lasting implications for Arizona’s approach to Bitcoin and digital assets.
Bitcoin (BTC) is up 9% over the past week and is currently trying to establish support above the key $88,000 level. Momentum indicators like the DMI and Ichimoku Cloud are showing clear bullish signals, with buyers firmly in control.
If this trajectory continues, BTC could soon test higher resistances near $88,000 and potentially aim for $90,000 and beyond. However, analysts warn that renewed uncertainty around Trump’s trade tariffs could disrupt the rally and trigger a pullback toward the $81,000 support zone.
Bitcoin DMI Show Buyers In Full Control
Bitcoin’s DMI chart shows a notable rise in trend strength, with the ADX climbing to 29.54 from 24.07 yesterday.
This increase suggests growing momentum behind the current move, pushing the ADX close to the 30 threshold—widely seen as confirmation of a strong, sustained trend.
A rising ADX doesn’t indicate direction on its own, but when paired with directional indicators, it helps identify the prevailing force in the market.
Looking at those directional indicators, the +DI is currently at 23.47 and has remained steady between 21 and 23 over the past two days.
Meanwhile, the -DI has dropped sharply to 9.45 from 16.65, signaling a significant decline in bearish pressure.
This widening gap between bullish and bearish momentum points to buyers taking control, and if the ADX continues to rise above 30, it could validate a new bullish phase for BTC.
BTC Ichimoku Cloud Shows A Clear Bullish Structure
Bitcoin’s Ichimoku Cloud chart continues to lean bullish, with price holding firmly above both the Tenkan-sen (blue line) and Kijun-sen (red line).
Looking ahead, the Kumo (cloud) is green and steadily rising, which reinforces a positive outlook for the coming sessions. The price is well above the cloud, indicating the trend is bullish and also firmly established.
There’s also a clear gap between the current candle and the cloud, suggesting that the market has room to retrace without shifting the overall structure.
As long as the price stays above the Kijun-sen and the cloud remains green, the bullish trend remains technically intact.
Will Bitcoin Break Above $90,000 Soon?
If Bitcoin price maintains its current momentum, it could soon challenge the resistance at $88,839, with $90,000 as a psychological milestone.
Should the uptrend remain strong, further targets lie at $92,920 and potentially $98,484, marking a continuation of the bullish structure.
However, crypto analyst and Coin Bureau founder Nic Puckrin warns that this momentum could be short-lived. He notes that renewed uncertainty around Trump’s trade tariffs might weigh on BTC:
“The caveat here is that all this positive momentum could disappear in a puff of smoke if there’s any backpedalling on tariffs or an unexpected shock announcement – which we all know is always a possibility. In fact, we continue to have constant back-and-forth on tariffs: exemptions on electronics turned out to be temporary, the details of when tariffs will come in are lacking, and so on,” Puckrin told BeInCrypto.
He also defends that the $81,000 support could be tested again:
“This, perhaps, explains why Bitcoin is, once again, in a “wait and see” pattern, with low liquidations at under $200 million pointing to uncertainty in the market. If we don’t see any external shocks, $88,000-$90,000 is the next range to watch, with liquidity pool clusters at this level suggesting we will see an uptick of volatility here. However, a short-term correction to re-test support at $81,000 would be healthy and, as long as BTC remains above this threshold, would even point to a sustainable price recovery,”
Overall, it looks like the current macroeconomic factors are priced in. Yet, the market is cautious about sudden surprises, as Trump’s recent tariffs went beyond any conventional economic trend and disrupted almost every global financial market.
Ethereum (ETH) has been showing signs of renewed strength, gaining 14% over the past seven days. Despite the recent rally, Ethereum has been trading below the $1,900 mark since April 2, highlighting the importance of key resistance levels ahead.
Whether Ethereum can reclaim higher ground or faces renewed selling pressure will likely depend on its next moves around major support and resistance zones.
Ethereum’s BBTrend Cools: What It Signals Next
Ethereum’s BBTrend currently sits at 8.77, marking a noticeable decline from 11.83 two days ago.
Despite the drop, the indicator has remained positive for the past three days, suggesting that Ethereum has maintained an underlying bullish structure even as momentum cools off.
This shift could signal the early stages of a potential consolidation phase, during which the market takes a breather before deciding on its next major move.
BBTrend, or Bollinger Band Trend, is a technical indicator that measures the strength of a trend by analyzing how price behaves relative to the Bollinger Bands.
When BBTrend values are high and positive, they generally signal a strong uptrend; when they are negative, they point to a downtrend. Ethereum’s BBTrend, now at 8.77, indicates that while the uptrend is still present, its strength is fading.
Ethereum Whales Hold Steady: What It Means for Price
The number of Ethereum whales — wallets holding between 1,000 and 10,000 ETH — currently stands at 5,458.
This figure rose slightly from 5,442 on April 21 to 5,457 on April 23, and has remained stable around this level for the past four days.
The recent stabilization suggests a pause in accumulation or distribution activity among large holders, offering a potential signal that the market could be waiting for a catalyst before making its next significant move.
Tracking Ethereum whales is critical because these large holders can have an outsized impact on price movements. When whale numbers rise, it often signals confidence and potential accumulation, which can be bullish for price.
With the number of Ethereum whales holding steady around 5,458, it could imply a neutral stance among major players — neither aggressively buying nor selling — potentially leading to reduced volatility and range-bound price action until a clearer trend emerges.
Ethereum’s Battle Around $1,828: Breakout or Breakdown?
Ethereum’s EMA (Exponential Moving Average) lines are currently aligned in a bullish formation, with the short-term EMAs positioned above the long-term ones — a classic sign of upward momentum.
Over the past few days, ETH attempted to break through the resistance zone around $1,828 but was unsuccessful. If Ethereum tests this level again and successfully breaks above it, the next upside targets would be the $1,954 resistance, followed by a potential move to $2,104.
A break above $2,000 would be significant, marking the first time ETH trades above this psychological level since March 27.
However, Ethereum price could fall back to test the support at $1,749 if the bullish momentum fades and the trend reverses. Losing this level could expose ETH to further declines toward $1,689.
Should selling pressure intensify, deeper support levels at $1,537 and even $1,385 could come into play.
