BTC/USD quotes are trading at 103417 and continue to move within a developing bullish correction and descending channel. Moving averages indicate a short-term bearish trend for Bitcoin. Prices are again testing the area between the signal lines, indicating pressure from sellers of “Digital Gold” and a potential continuation of the asset’s decline from current levels. As part of the cryptocurrency price forecast for tomorrow, November 7, 2025, we expect an attempt at a bullish correction in the digital asset’s price and a test of the resistance level near 104785. From there, we expect another downward rebound and an attempt at a continued decline in the Bitcoin price with a target below 93605.
Bitcoin Forecast and BTC/USD Analysis for November 7, 2025
An additional signal supporting 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 scenario would be a rebound from the upper boundary of the bearish trend. A strong rise in the asset’s price and a breakout of the 109065 area would cancel out the downward trend in the coin’s exchange rate and Bitcoin’s price. This would indicate a breakout of the resistance area and continued growth in the Bitcoin price, with a potential target of 115205. A breakout of the support area and consolidation below 99605 would confirm the asset’s price decline.
Bitcoin Forecast and BTC/USD Analysis for November 7, 2025 suggests an attempt to test the resistance level near 104785. Further declines in the cryptocurrency would then be expected, with a potential target of 93605. A test of the resistance line on the relative strength indicator (RSI) would serve as an additional signal in favor of Bitcoin’s price decline. A breakout of the 109065 area would cancel out the digital currency’s downward trend. This would indicate continued growth with a potential target above 115205.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
