BTC/USD quotes are trading at 84274 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 are again testing the area with signal lines, 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, March 20, 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 area of 86565. 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 area of 71885.
Bitcoin Forecast and Analysis for March 20, 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 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 91405 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 77065 mark.
Bitcoin Forecast and Analysis for March 20, 2025 suggests an attempt to test the resistance level near the 86565 area. And then, the continuation of the fall of the cryptocurrency with a potential target at the level of 71885. 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 option of falling digital currency will be a breakout of the 91405 area. This will indicate continued growth of the coin with a potential target above the 95605 mark.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
