BTC/USD quotes are at a level of 103,310 and continue to move within the context of a correction development and bear channel. Moving averages indicate a short-term uptrend for Bitcoin. Prices again test the area between signal lines, indicating pressure from “Digital Gold” buyers and potential continuation of the bullish impulse in asset value already at current levels. In terms of tomorrow’s cryptocurrency price forecast on May 20, 2025, it is expected that there will be an attempt to develop a bearish correction of the digital asset’s value and test the support level close to the area of 101,505. From where one should expect another upward bounce and continuation of Bitcoin price growth with a target above the region of 111,505.
Bitcoin Forecast and BTCUSD Analysis for May 20, 2025
Additional confirmation of the rise in BTC/USD quotes would be testing the support line on the Relative Strength Index (RSI) indicator. The second signal for this scenario is a bounce off the lower boundary of the bull channel. Confirmation that the price growth and value of Bitcoin are not expected to occur will come from a drop in asset value and a break through the area 99065. This will indicate a breach of the support area and continued depreciation of the Bitcoin rate with a potential target at level 92505. Confirmation of the rise in the asset’s price would be when there is a breakout above resistance with the price being fixed above the mark 105605.
Bitcoin Forecast and BTCUSD Analysis for May 20, 2025 anticipates a test of the support level near the area of 101,505. And subsequently, continuation of the crypto currency growth with potential target at the level of 111,505. An additional bullish signal for the Bitcoin price rise will be testing the support line on the Relative Strength Index indicator. Cancellation of the option of digital currency’s growth will happen when breaking the area of 9,9065. This indicates continuation of the coin’s drop with potential target below the level of 92,505.
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