The BTC/USD quotes are trading at 87765 and continue to move within the development of the fall and the descending channel. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices broke through the area with signal lines downwards, which indicates pressure from sellers of “Digital Gold” and a potential continuation of the development of a bearish impulse in the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, February 27, 2025, we should expect an attempt to develop a bullish correction in the value of the digital asset and a test of the resistance level near the 89665 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 80505 area.
Bitcoin Forecast and Analysis for February 27, 2025
An additional signal in favor of a decrease 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 descending 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 93665 area. This will indicate a breakout of the resistance area and continued growth of the Bitcoin rate with a potential target at 99505. The confirmation of the asset price fall will be a breakout of the support area with the price fixing below 84405.
Bitcoin Forecast and Analysis for February 27, 2025 suggests an attempt to test the resistance level near the 89665 area. And then, the continuation of the fall of the cryptocurrency with a potential target at 80505. 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 93665 area. This will indicate a continued rise of the coin with a potential target above the 99505 mark.
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