BTC/USD quotes are trading at 103293 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 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 14, 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 97205 area. From where we should again expect an upward rebound and an attempt to continue the growth of Bitcoin rate with a target above the 113505 area.
Bitcoin Forecast and Analysis for May 14, 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. Cancellation of the variant of growth of the coin rate and Bitcoin value will be a fall in the value of the asset and a breakdown of the 95205 area. This will indicate the breakdown of the support area and the continuation of the Bitcoin rate decline with a potential target at 88505. The confirmation of the growth of the asset price will be the breakdown of the resistance area with the consolidation of the price above 106505.
Bitcoin Forecast and Analysis for May 14, 2025 suggests an attempt to test the support level near the 97205 area. And further, the cryptocurrency will continue to grow with a potential target at the level of 113505. 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 95205. This will indicate the continuation of the coin’s decline with a potential target below 88505.
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