Bitcoin BTC/USD ends the trading week at 82321 and continues to move within the development of a bearish correction and a bullish channel. There is still potential for the formation of a reversal pattern “Wedge”. Moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the asset and a potential continuation of the fall in BTCUSD quotes. At the moment, we should expect an attempt to develop a bearish correction in the coin price and a test of the support area near the level of 77665. From where we should again expect an upward rebound and continued growth of the Bitcoin rate with a potential target above the level of 112605.
Bitcoin Weekly Forecast April 14 — 18, 2025
An additional signal in favor of the growth of BTC/USD quotes in the current trading week of April 14 — 18, 2025 will be a rebound from the lower border of the bullish channel. The second signal will be a rebound from the support line on the relative strength indicator (RSI). The cancellation of the Bitcoin rise option in the current trading week will be a fall and a breakout of the 72005 area. This will indicate a breakout of the support area and a continuation of the fall of BTC/USD quotes with a potential target below the level of 64505. Confirmation of the development of the bullish movement will be a breakout of the resistance area and closing of quotes above the level of 89505, which will indicate a breakout of the upper border of the “Wedge” reversal pattern and the beginning of the implementation of the pattern with targets at the top.
Bitcoin Weekly Forecast April 14 — 18, 2025 suggests an attempt to the support area near the level of 77665. Then, the continuation of the growth of the cryptocurrency to the area above the level of 112605. An additional signal in favor of the rise of the Bitcoin rate in the current trading week will be a test of the trend line on the relative strength indicator. The cancellation of the growth option of Bitcoin cryptocurrency quotes will be a fall and a breakout of the 72005 area. In this case, we should expect a continuation of the fall with a target at the level of 64505.
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