BTC/USD quotes are trading at 113502 and continue to move within the correction and bullish channel. Moving averages indicate a short-term uptrend for Bitcoin. Prices have broken through the area between the signal lines downwards, indicating pressure from sellers of “Digital Gold” and a potential continuation of the decline in the asset’s value from current levels. As part of the cryptocurrency rate forecast for tomorrow, August 6, 2025, we should expect an attempt to develop a decline in the value of the digital asset and a test of the support level near the 110765 area. From there, we should again expect an upward rebound and an attempt to continue the decline in the Bitcoin rate with a target above the 126565 area.
Bitcoin Forecast and BTC/USD Analysis for August 6, 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 asset’s value and a breakout of the 106205 area will cancel the option of growth in the coin’s price and the value of Bitcoin. This will indicate a breakout of the support area and a continuation of the decline in the Bitcoin price with a potential target at 102445. Confirmation of the asset’s price growth will be a breakout of the resistance area with the price consolidating above the 120065 mark, which will indicate a breakout of the upper border of the downward correction channel.
Bitcoin Forecast and BTC/USD Analysis for August 6, 2025 suggests an attempt to test the support level near the 110765 area. Further, the cryptocurrency will continue to grow with a potential target at 126565. An additional signal in favor of a rise in the Bitcoin rate will be a test of the support line on the relative strength indicator. A breakout of the 106205 area will cancel the digital currency’s growth scenario. This will indicate a continuation of the coin’s decline with a potential target below 102445.
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