BTC/USD quotes are trading at 98718 and continue to move within the development of growth and a descending channel. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of “Digital Gold” and a potential continuation of the growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, December 26, 2024, we should expect an attempt to develop a fall in the value of the digital asset and a test of the support level near the 96105 area. From where we should again expect an upward rebound and an attempt to continue the growth of the Bitcoin rate with a target above the 105465 area.
Bitcoin Forecast and Analysis for December 26, 2024
An additional signal in favor of the growth of BTC/USD quotes will be a test of the support 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 to increase the coin rate and the value of Bitcoin will be a fall in the value of the asset and a breakout of the 93205 area. This will indicate a breakout of the support area and a continuation of the fall in the Bitcoin rate with a potential target at 88605. Confirmation of the growth of the asset price will be a breakout of the resistance area with the price fixing above the 101405 mark, which will indicate a breakout of the upper border of the descending channel.
Bitcoin Forecast and Analysis for December 26, 2024 suggests an attempt to test the support level near the 96105 area. And then, the continuation of the growth of the cryptocurrency with a potential target at 105465. An additional signal in favor of the rise in the Bitcoin rate will be a test of the support line on the relative strength indicator. The breakdown of the 93205 area will cancel the growth option for the digital currency. This will indicate a continuation of the coin’s fall with a potential target below the 88605 mark.
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