BTC/USD quotes are trading at 83762 and continue to move as part of the development of the fall and the beginning of the development of the “Wedge” reversal model. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices are again testing the area between the signal lines, which indicates pressure from buyers of “Digital Gold” and the potential continuation of the development of the bullish impulse of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, April 17, 2025, we should expect an attempt to develop an increase in the value of the digital asset and a test of the resistance level near the 86565 area. From where we should again expect a downward rebound and an attempt to continue the fall of the Bitcoin rate with a target below the 77305 area.
Bitcoin Forecast and Analysis for April 17, 2025
An additional signal in favor of the fall of BTC/USD quotes will be a test of the resistance line on the relative strength indicator. The second signal in favor of this option will be a rebound from the lower border of the “Wedge” reversal pattern. The cancellation of the option of a fall in the coin rate and the cost of Bitcoin will be a strong increase in the value of the asset and a breakout of the 91605 area. This will indicate a breakout of the resistance area and continued growth of the Bitcoin rate with a potential target at 95605. Confirmation of the fall in the asset price will be a breakout of the support area with the price fixing below 81065.
Bitcoin Forecast and Analysis for April 17, 2025 suggests an attempt to test the resistance level near the 86565 area. And then, a continuation of the fall of the cryptocurrency with a potential target at 77305. An additional signal in favor of a decrease in the Bitcoin rate will be a test of the resistance line on the relative strength indicator. The cancellation of the option of a fall in the digital currency will be a breakout of the 91605 area. This will indicate continued growth of the coin with a potential target above 95605.
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