BTC/USD quotes are trading at 108517 and continue to move within a downward trend and a descending channel. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken below the area between the signal lines, indicating downward pressure from sellers of “Digital Gold” and a potential continuation of the asset’s decline from current levels. The cryptocurrency price forecast for tomorrow, October 23, 2025, anticipates an attempt at a bullish correction in the digital asset’s price and a test of the resistance level near 113505. From there, we expect another downward rebound and an attempt at a continued decline in the Bitcoin price with a target below 97505.
Bitcoin Forecast and BTC/USD Analysis for October 23, 2025
An additional signal supporting a decline in BTC/USD quotes will be a test of the resistance line on the relative strength indicator (RSI). 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 116865 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 of the Bitcoin price, with a potential target of 125605. A breakout of the resistance area and consolidation above 116505 would confirm the downward trend.
Bitcoin Forecast and BTC/USD Analysis for October 23, 2025 suggests an attempt to test the resistance level near 113505. Subsequently, the cryptocurrency would continue to decline, with a potential target of 97505. 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 116865 area would cancel out the digital currency’s downward trend. This would indicate continued growth, with a potential target above 125605.
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