Bitcoin BTC/USD ends the trading week at 107523 and continues to move within the growth development and bullish channel. The moving averages indicate the presence of an upward trend. Prices broke through the area between the signal lines upwards, which indicates pressure from the buyers of the asset and potential continuation of growth of BTCUSD quotes. Now we should expect an attempt to develop a bearish correction of the coin price and a test of the support area near the level of 102265. From where we should again expect a rebound upwards and the continuation of Bitcoin rate growth with a potential target above the level of 127505.
Bitcoin Weekly Forecast BTC/USD July 7 — 11, 2025
An additional signal in favor of BTC/USD quotes growth in the current trading week July 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), earlier there were already rebounds from this line. A fall and breakdown of the 92205 area will cancel the option of Bitcoin’s rise in the current trading week. This will indicate the breakdown of the support area and the continuation of the decline in BTC/USD quotes with a potential target below the level of 82605. The confirmation of the bullish movement development will be the breakdown of the resistance area and closing of quotes above the level of 115605.
Bitcoin Weekly Forecast BTC/USD July 7 — 11, 2025 suggests an attempt of the support area near the level of 102265. Then, the continuation of cryptocurrency growth to the area above the level 127505. An additional signal in favor of Bitcoin rate rise in the current trading week will be a test of the trend line on the relative strength indicator. Cancellation of the growth option of Bitcoin cryptocurrency quotes will be a fall and breakdown of the 92205 area. In this case, we should expect a continuation of the fall with a target at 82605.
