BTC/USD quotes are trading at 76156 and continue to move within the framework of the development of the fall and the descending channel. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of “Digital Gold” and a potential continuation of the development of the bearish impulse of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, April 8, 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 78805 area. From where we should again expect a rebound downwards and an attempt to continue the fall of the Bitcoin rate with a target below the 64205 area.
Bitcoin Forecast and Analysis for April 8, 2025
An additional signal in favor of a fall in 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 upper border of the bearish channel. The cancellation of the option of falling coin rate and Bitcoin price will be a strong growth of the asset price and a breakout of the 90665 area. This will indicate a breakout of the resistance area and continued growth of the Bitcoin rate with a potential target at 95605. The confirmation of the asset price fall will be a breakout of the support area with the price fixing below the 72405 mark.
Bitcoin Forecast and Analysis for April 8, 2025 suggests an attempt to test the resistance level near the 78805 area. And then, the continuation of the fall of the cryptocurrency with a potential target at the level of 64205. An additional signal in favor of the decline of the Bitcoin rate will be a test of the resistance line on the relative strength indicator. The cancellation of the option of falling digital currency will be a breakout of the 90665 area. This will indicate continued growth of the coin with a potential target above the 95605 mark.
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