BTC/USD quotes are trading at 92,476 and continue moving within the framework of an uptrend and bullish channel. Moving averages indicate a short-term bullish trend for Bitcoin. Prices have broken through the signal lines upwards, indicating buying pressure on “Digital Gold” and the potential continuation of the bullish momentum from current levels. As part of the cryptocurrency forecast for tomorrow, March 4, 2025, a bearish correction is expected, with a test of the support level near the 90,305 area. From there, a rebound upwards and an attempt to continue the growth of Bitcoin towards a target above 103,705 should be anticipated.
Bitcoin Forecast and Analysis for March 4, 2025
An additional signal in favor of BTC/USD price growth will be a test of the support line on the Relative Strength Index (RSI). A second signal in favor of this scenario will be a rebound from the lower boundary of the bullish channel. The cancellation of the Bitcoin price growth scenario will be a decline in the asset’s value and a breakout below the 86,505 area. This will indicate a break of the support area and a continuation of Bitcoin’s decline toward a potential target at 80,405. Confirmation of further price growth will be a breakout of the resistance area with price consolidation above 95,205.
Bitcoin Forecast and Analysis for March 4, 2025 suggests an attempt to test the support level near 90,305, followed by a continuation of cryptocurrency growth toward a potential target at 103,705. An additional signal in favor of Bitcoin price growth will be a test of the support line on the Relative Strength Index. The cancellation of the digital currency growth scenario will be a breakout below 86,505, which will indicate a continuation of the decline towards a potential target below 80,405.
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