Bitcoin BTC/USD ends the trading week at 83017 and continues to move within the development of a bearish correction and a bullish channel. Moving averages indicate the presence of an upward trend. Prices are again testing the area between the signal lines, which indicates pressure from asset sellers 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 80205. From where we should again expect an upward rebound and continued growth of the Bitcoin rate with a potential target above the level of 105405.
Bitcoin Weekly Forecast April 7 — 11, 2025
An additional signal in favor of the growth of BTC/USD quotes in the current trading week of April 7 — 11, 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 Bitcoin growth option can be cancelled in the current trading week if it falls and breaks through the 72005 area. This will indicate a breakout of the support area and continued decline in BTC/USD quotes with a potential target below 64505. The development of the bullish movement will be confirmed by a breakout of the resistance area and closing of quotes above 96605, which will indicate a breakout of the upper boundary of the downward correction channel.
Bitcoin Weekly Forecast April 7 — 11, 2025 suggests an attempt to reach the support area near the 80205 level. Then, the cryptocurrency will continue to grow to the area above 105405. An additional signal in favor of the Bitcoin rate rise in the current trading week will be a test of the trend line on the relative strength indicator. The Bitcoin cryptocurrency growth option can be cancelled if it falls and breaks through the 72005 area. In this case, we should expect continued decline with a target at 64505.
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