BTC/USD quotes are trading at 107843 and continue to move within the correction and downward channel. Moving averages indicate a short-term bullish 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 bullish momentum of the asset’s value from current levels. As part of the cryptocurrency rate forecast for tomorrow, July 1, 2025, we should expect an attempt to develop growth in the value of the digital asset and a test of the resistance level near the 108365 area. From there, we should again expect an upward rebound and an attempt to continue the fall in the Bitcoin rate with a target below the 90356 area.
Bitcoin Forecast and BTC/USD Analysis for July 1, 2025
An additional signal in favor of a decline in BTC/USD quotes will be a test of the resistance line on the relative strength indicator. The second signal in favor of this option will be a rebound from the upper border of the bearish channel. A strong increase in the value of the asset and a breakout of the 113405 area will cancel the option of a decline in the coin’s rate and the value of Bitcoin. This will indicate a breakout of the resistance area and a continuation of the growth of the Bitcoin rate with a potential target at 119505. Confirmation of the fall in the price of the asset will be a breakout of the support area with the price consolidating below 101065, which will indicate a breakout of the lower border of the bullish channel.
Bitcoin Forecast and BTC/USD Analysis for July 1, 2025, suggests an attempt to test the resistance level near the 108365 area. Further, the cryptocurrency will continue to fall with a potential target at 90356. An additional signal in favor of a decline in the Bitcoin rate will be a test of the resistance line on the relative strength indicator. A breakout of the 113405 area will cancel the scenario of a decline in the digital currency. This will indicate a continuation of the coin’s growth with a potential target above 119505.
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