BTC/USD spot prices are at 105,328 and continue to move within the context of an upward movement and a bull channel. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices broke through the area between signal lines upwards, which indicates pressure from buyers of the “Digital Gold” and potential continuation of the development of the bullish impulse of asset value already at current levels. As part of the cryptocurrency price forecast for tomorrow, May 21, 2025, anticipate a bearish correction attempt in the value of the digital asset and testing the support level close to the area 102,505. From where one can expect a rebound upwards and an attempt to continue Bitcoin’s growth rate with a target above the region 110,665.
Bitcoin Forecast and BTCUSD Analysis for May 21, 2025
Additional indication of the growth in BTC/USD quotes will be a test of the support line on the Relative Strength Index (RSI) indicator. A second signal for this scenario is a bounce off the lower border of the bull channel. Cancellation of the option of price rise and value increase of Bitcoin becomes the depreciation of asset cost and break through the area 101065. This will indicate a breach of support zone and continued fall in the Bitcoin price with a potential target at level 91665. Confirmation of the price growth of the asset would be breaking through the resistance zone with pricing staying above mark 105605.
Bitcoin Forecast and BTCUSD Analysis for May 21, 2025 anticipates a test of the support level near the area of 102,505. Then, continuation of the cryptocurrency growth towards the potential target at the level of 110,665. An additional signal in favor of Bitcoin’s price rise will be testing the support line on the Relative Strength Index indicator. Cancellation of the option for digital currency growth is a break above the area of 101,065. This would indicate continuation of the coin’s fall with potential target below the mark of 91,665.
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