Bitcoin/USD prices are trading at 111,350 and continue to move within the framework of an upward development 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, indicating pressure from the buyers of “Digital Gold” and potential continuation of the development of the bearish momentum already at current levels. For tomorrow’s cryptocurrency price forecast on May 23, 2025, we can expect an attempt to develop a bear correction in the value of the digital asset and test the support level near the area of 109,475. From there, it is expected that an upward rebound will occur and an attempt will be made to continue Bitcoin’s price increase with a target above the region of 117,605.
Bitcoin Forecast and BTC/USD Analysis for May 23, 2025
Additional signals favoring the growth of BTC/USD will include testing the support line on the Relative Strength Index (RSI). A second signal in favor of this scenario is a bounce off the lower boundary of the bull channel. Cancellation of the option for the price rise and value of Bitcoin would be a drop in the asset’s value and breaking through the area 107045. This will indicate a break-through the support area and continued fall in the Bitcoin price with a potential target at level 102505. Confirmation of the price increase for the asset will come from breaking through the resistance zone with the price staying above the mark 112505.
Bitcoin Forecast and BTC/USD Analysis for May 23, 2025 suggests a test of the support level near the area of 109475. Then, continuation of the cryptocurrency’s rise with potential target at the level of 117605. An additional signal in favor of Bitcoin’s price increase would be testing the support line on the Relative Strength Index (RSI) indicator. Cancellation of the growth option for digital currency will be a break above the area of 107045. This will indicate continuation of the coin’s fall with potential target below the mark of 102505.
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