BTC/USD quotes are trading at 87433 and continue to move within the development of a bullish correction and a descending channel. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices have broken 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 current levels. As part of the cryptocurrency rate forecast for tomorrow, March 6, 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 91505 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 69605 area.
Bitcoin Forecast and Analysis for March 6, 2025
An additional signal in favor of a fall 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 97705 area. This will indicate a breakout of the resistance area and continued growth of the Bitcoin rate with a potential target at 103505. The confirmation of the asset price fall will be a breakout of the support area with the price fixing below 79205.
Bitcoin Forecast and Analysis for March 6, 2025 suggests an attempt to test the resistance level near the 91505 area. And then, the continuation of the fall of the cryptocurrency with a potential target at 69605. 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 97705 area. This will indicate continued growth of the coin with a potential target above 103505.
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