Bitcoin BTC/USD ends the trading week at the level of 83061 and continues to move within the framework of the correction and bullish channel development. Moving averages indicate the presence of an upward trend. Prices are again testing the area between the signal lines, which indicates pressure from asset sellers and a potential continuation of the fall in BTCUSD quotes. At the moment, we should expect an attempt to develop a bearish correction in the coin price and a test of the support area near the level of 80505. From where we should again expect an upward rebound and continued growth of the Bitcoin rate with a potential target above the level of 119065.
Bitcoin Weekly Forecast March 17 — 21, 2025
An additional signal in favor of the growth of BTC/USD quotes in the current trading week of March 17 — 21, 2025 will be a rebound from the lower border of the bullish channel. The second signal will be a rebound from the support line on the relative strength indicator (RSI). The cancellation of the Bitcoin rise option for the current trading week will be a fall and a breakout of the 70505 area. This will indicate a breakout of the support area and a continuation of the fall of BTC/USD quotes with a potential target below the level of 65405. Confirmation of the development of the bullish movement will be a breakout of the resistance area and closing of quotes above the level of 97205, which will indicate a breakout of the upper border of the descending correction channel.
Bitcoin Weekly Forecast March 17 — 21, 2025 suggests an attempt to the support area near the level of 80505. Then, the continuation of the growth of the cryptocurrency to the area above the level of 119065. An additional signal in favor of the rise in the Bitcoin rate this trading week will be a test of the trend line on the relative strength indicator. The cancellation of the growth option of Bitcoin cryptocurrency quotes will be a fall and a breakout of the 70505 area. In this case, we should expect a continuation of the fall with a target at the level of 65405.
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