BTC/USD quotes are trading at 116519 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 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 16, 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 112305 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 134055 area.
Bitcoin Forecast and BTC/USD Analysis for July 16, 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 109505 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 fall in the Bitcoin price with a potential target at 102505. Confirmation of the asset’s price growth will be a breakout of the resistance area with the price consolidating above 125605.
Bitcoin Forecast and BTC/USD Analysis for July 16, 2025 suggests an attempt to test the support level near the 112305 area. Further, the cryptocurrency will continue to grow with a potential target at 134055. 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 109505 area will cancel the growth scenario for the digital currency. This will indicate a continuation of the coin’s decline with a potential target below the 102505 mark.
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