BTC/USD quotes are trading at 82870 and continue to move as part of the decline and the formation of the “Triangle” pattern. 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’s value from current levels. As part of the cryptocurrency rate forecast for tomorrow, March 19, 2025, we should expect an attempt to develop growth in the value of the digital asset and a test of the resistance level near the 84205 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 75065 area.
Bitcoin Forecast and Analysis for March 19, 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 upper border of the “Triangle” pattern. 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 88065 area. This will indicate a breakout of the resistance area and continued growth of the Bitcoin rate with a potential target at 94605. Confirmation of the asset price fall will be a breakout of the support area with the price fixing below 79205, which will indicate a breakout of the lower border of the “Triangle” pattern and the beginning of the pattern implementation with targets below.
Bitcoin Forecast and Analysis for March 19, 2025 suggests an attempt to test the resistance level near the 84205 area. And then, the continuation of the fall of the cryptocurrency with a potential target at 75065. An additional signal in favor of the fall of the Bitcoin rate will be a test of the resistance line on the relative strength indicator. The cancellation of the digital currency fall option will be a breakout of the 88065 area. This will indicate continued growth of the coin with a potential target above the 94605 mark.
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