BTC/USD quotes are trading at 116355 and continue to move within the growth and bullish channel. Moving averages indicate a short-term upward trend for Bitcoin. Prices have broken through the area between the signal lines upwards, indicating pressure from buyers of “digital gold” and a potential continuation of the asset’s growth from current levels. As part of the cryptocurrency forecast for tomorrow, August 8, 2025, we can expect an attempt to develop a decline in the value of the digital asset and a test of the support level near the 112505 area. From there, we can again expect an upward rebound and an attempt to continue the decline in the Bitcoin rate with a target above the 127865 area.
Bitcoin Forecast and BTC/USD Analysis for August 8, 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 108405 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 102565. Confirmation of the asset’s price growth will be a breakout of the resistance area with the price consolidating above the 120265 mark, which will indicate a breakout of the upper border of the downward correction channel.
Bitcoin Forecast and BTC/USD Analysis for August 8, 2025 suggests an attempt to test the support level near the 112505 area. Further, the cryptocurrency will continue to grow with a potential target of 127865. An additional signal in favor of the rise in the Bitcoin rate will be a test of the support line on the relative strength indicator. A breakout of the 108405 area will cancel the digital currency’s growth scenario. This will indicate a continuation of the coin’s decline with a potential target below 102565.
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