BTC/USD prices are trading at a level of 105,940 and continue to move within the context of developing correction and a downtrend channel. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices are again testing the area between signal lines, which indicates pressure from buyers of “Digital Gold” and potential continuation of the development of the bull impulse of the asset’s value already at current levels. Within the forecast for the cryptocurrency rate on June 4, 2025, we should anticipate an attempt to develop a rise in the value of the digital asset and test the resistance level near the area of 107,265. From there, it is again expected that there will be a bounce downwards and an attempt to continue Bitcoin’s price drop with a target below the area of 97,505.
Bitcoin Forecast and BTC/USD Analysis for June 4, 2025
Additional signals for a decrease in the BTC/USD quotations will be testing the resistance line on the Relative Strength Index (RSI). The second signal supporting this option is a bounce off the lower boundary of the bullish channel. A rejection of the coin price and Bitcoin’s value falling scenario would occur with a strong increase in the asset’s price and breaking the area at 112,505. This indicates a breakthrough the resistance zone and continuation of Bitcoin’s rise to a potential target level of 117,665. Confirmation of an asset price drop would be when breaking the support area with the price remaining below the mark of 102,505, indicating a breakthrough the lower boundary of the bullish correction channel.
Bitcoin Forecast and BTC/USD Analysis for June 4, 2025 anticipates a test of the resistance level near the area of 107,265. Subsequently, there is expected to be further decline in the cryptocurrency towards a potential target at the level of 97,505. An additional signal for Bitcoin’s price depreciation will be testing the resistance line on the Relative Strength Index (RSI) indicator. Cancellation of the downside scenario for the digital currency will occur if it breaks through the area of 112,505. This will indicate continuation of the coin’s growth with a potential target above the mark of 117,665.
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