BTC/USD quotes are trading at 103842 and continue to move within the sideways correction and bullish channel. Moving averages indicate the presence of a short-term uptrend 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 15, 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 98505 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 112505 area.
Bitcoin Forecast and Analysis for May 15, 2025
An additional signal in favor of the growth of BTC/USD quotes 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 border of the bullish channel. A fall in the value of the asset and a breakdown of the 97605 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 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 106875.
Bitcoin Forecast and Analysis for May 15, 2025 suggests an attempt to test the support level near the 98505 area. And further, the cryptocurrency will continue to grow with a potential target at 112505. An additional signal in favor of Bitcoin rate rise will be a test of the support line on the relative strength indicator. A breakdown of the 97605 area will cancel the growth option of the digital currency. This will indicate the continuation of the coin’s decline with a potential target below 88505.
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