Bitcoin BTC/USD ends the trading week at 94058 and continues to move within the development of the fall and the bullish channel. Moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and a potential continuation of the growth of asset quotes. At the moment, we should expect an attempt to develop the growth of the coin price and a test of the resistance area near the level of 96265. From where we should again expect a downward rebound and a continuation of the fall of the Bitcoin rate with a potential target below the level of 71405.
Bitcoin Forecast December 30, 2024 — January 3, 2025
An additional signal in favor of the growth of BTC/USD quotes in the current trading week of December 30, 2024 — January 3, 2025 will be a rebound from the lower border of the bullish channel. The second signal will be a rebound from the resistance line on the relative strength indicator (RSI). The cancellation of the Bitcoin fall option will be a strong growth and a breakout of the 110505 area. This will indicate a breakout of the resistance area and continued growth of BTC/USD quotes with a potential target above the 116505 level. Confirmation of the development of the bearish movement will be a breakout of the support area and closing of quotes below the 82405 level, which will indicate a breakout of the lower border of the bullish channel.
Bitcoin Forecast December 30, 2024 — January 3, 2025 suggests an attempt at the resistance area near the 96265 level. Then, the continuation of the fall of the cryptocurrency to the area below the 71405 level. An additional signal in favor of a decrease in the Bitcoin rate this trading week will be a test of the trend line on the relative strength indicator. The cancellation of the Bitcoin cryptocurrency quotes fall option will be a strong growth and a breakout of the 110505 area. In this case, we should expect continued growth with a target at 116505.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
