BTC/USD quotes are trading at 108055 and continue to move within a downward trend and a 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 buyers of “Digital Gold” and potential continued growth in the asset’s price from current levels. As part of the cryptocurrency price forecast for tomorrow, October 17, 2025, we expect an attempt at a bullish correction in the digital asset’s price and a test of the resistance level near 109605. From there, we expect another downward rebound and an attempt at a continued decline in the Bitcoin price with a target below 98505.
Bitcoin Forecast and BTC/USD Analysis for October 17, 2025
An additional signal favoring 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 channel. A strong rise in the asset’s price and a breakout of the 115445 area would cancel 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 125005. A breakout of the support area and consolidation below 106545 would confirm the asset’s price decline.
Bitcoin Forecast and BTC/USD Analysis for October 17, 2025 suggests an attempt to test the resistance level near 109605. Further declines in the cryptocurrency, with a potential target of 98505, would then be expected. 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 115,445 area would cancel out the digital currency’s downward trend. This would indicate continued growth, with a potential target above 125,005.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
