BTC/USD quotes are trading at 107400 and continue to move within a downward trend and a descending channel. Moving averages indicate a short-term uptrend in Bitcoin. Prices have broken below 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 31, 2025, anticipates an attempt at a bullish correction in the digital asset’s price and a test of the resistance level near 109505. From there, we expect another downward rebound and an attempt at a continued decline in the Bitcoin price with a target below 99505.
Bitcoin Forecast and BTC/USD Analysis for October 31, 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 113505 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 118505. A breakout of the support area and consolidation below 104505 would confirm the asset’s price decline.
Bitcoin Forecast and BTC/USD Analysis for October 31, 2025 suggests an attempt to test the resistance level near 109505. Subsequently, the cryptocurrency would continue to decline, with a potential target of 99505. 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 113505 area would cancel out the digital currency’s downward trend. This would indicate continued growth with a potential target above 118505.
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