BTC/USD quotes are trading at 104952 and continue to move within the framework of the decline and the downward channel. Moving averages indicate a short-term bearish trend for Bitcoin. Prices are again testing the area between the signal lines, which indicates pressure from the bears of “Digital Gold” and a potential continuation of the bearish momentum of the asset’s value from current levels. As part of the cryptocurrency rate forecast for tomorrow, June 6, 2025, we should expect an attempt to develop an increase in the value of the digital asset and a test of the resistance level near the 107205 area. From there, we should again expect a rebound downwards and an attempt to continue the fall in the Bitcoin rate with a target below the 98085 area.
Bitcoin Forecast and BTC/USD Analysis for June 6, 2025
An additional signal in favor of 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 option will be a rebound from the upper border of the bearish channel. A strong increase in the value of the asset and a breakout of the 111505 area will cancel the option of a decline in the coin’s rate and the value of Bitcoin. This will indicate a breakout of the resistance area and a continuation of the rise in the Bitcoin rate with a potential target at 117865. Confirmation of the fall in the asset price will be a breakout of the support area with the price consolidating below 103005, which will indicate a breakout of the lower border of the bullish correction channel.
Bitcoin Forecast and BTC/USD Analysis for June 6, 2025 suggests an attempt to test the resistance level near the 107205 area. Further, the cryptocurrency will continue to fall with a potential target at 98085. An additional signal in favor of a decline in the Bitcoin rate will be a test of the resistance line on the relative strength indicator. A breakout of the 111505 area will cancel the decline scenario for the digital currency. This will indicate a continuation of the coin’s growth with a potential target above 117865.
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