BTC/USD quotes are trading at 104602 and continue to move within the growth and bullish channel. Moving averages indicate the presence of a short-term bullish trend on Bitcoin. Prices broke through the area between the signal lines upwards, which indicates the pressure from the buyers of Digital Gold and the potential continuation of the development of the bullish impulse of the asset value already from the current levels. As part of the cryptocurrency rate forecast for tomorrow May 13, 2025, we should expect an attempt to develop a bearish correction in the value of the digital asset and a test of the support level near the 102065 area. From where we should again expect a rebound upward and an attempt to continue the growth of Bitcoin rate with a target above the area of 112665.
Bitcoin Forecast and Analysis for May 13, 2025
An additional signal in favor of BTC/USD quotes growth will be a test of the support line on the relative strength indicator. The second signal in favor of this option will be a rebound from the lower boundary of the bullish channel. A fall in the value of the asset and a breakdown of the 98065 area will cancel the variant of growth of the coin and Bitcoin value. This will indicate the breakdown of the support area and the continuation of the Bitcoin rate decline with a potential target at 92505. The confirmation of the growth of the asset price will be the breakdown of the resistance area with the price fixing above the 107505 mark.
Bitcoin Forecast and Analysis for May 13, 2025 suggests an attempt to test the support level near the 102065 area. And then, the cryptocurrency will continue to grow with a potential target at 112665. An additional signal in favor of Bitcoin rate rise will be a test of the support line on the relative strength indicator. Cancellation of the growth option of the digital currency will be the breakdown of the area of 98065. This will indicate the continuation of the coin’s decline with a potential target below 92505.
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