Bitcoin (BTC/USD) ended the trading week at 104,344 and continues to move within the correction and bullish channels. Moving averages indicate an upward trend. Prices broke through the area between the signal lines upward, indicating buyer pressure and a potential continuation of growth in BTC/USD quotes. Currently, we should expect an attempt to decline in the price of the coin and test the support area near the level of 99,405. Then, we should expect an upward rebound and a continuation of the Bitcoin rate growth, with a potential target above the level of 130,065.
Bitcoin Weekly Forecast BTC/USD June 16 — 20, 2025
An additional signal favoring the growth of BTC/USD quotes during the week of June 16-20, 2025, will be a rebound from the lower border of the bullish channel. A second signal will be a rebound from the support line on the relative strength index (RSI). A fall below the 87,065 level will cancel the possibility of a Bitcoin rise in the current trading week. This would indicate a breakout of the support area and a continuation of the decline in BTC/USD quotes, with a potential target below the 78,405 level. A breakout of the resistance area and a close above the 113,605 level will confirm the bullish movement.
Bitcoin Weekly Forecast BTC/USD June 16 — 20, 2025 suggests an attempt at the support area near the 99,405 level. Then, the cryptocurrency will rise to an area above the 130,065 level. An additional signal favoring a rise in the Bitcoin rate during the current trading week will be testing the trend line on the relative strength indicator. A fall below the 87,065 level will cancel the possibility of growth in Bitcoin quotes. In this case, a continuation of the decline with a target at 78,405 should be expected.
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