Bitcoin BTC/USD closes the trading week at a level of 105,190 and continues to move within the context of growth development and the bull channel. Moving averages indicate an upward trend. Prices broke through the area between signal lines upwards, which indicates pressure from buyers of the asset and potential continuation of price increases in BTCUSD quotes. At this point, it’s advisable to anticipate the development of a bearish price correction for the coin and testing the support area close to the level of 100,565. From there, one should expect a rebound upwards and continuation of Bitcoin’s price increase with potential targets above the level of 143,505.
Bitcoin Weekly Forecast BTC/USD June 2 — 6, 2025
Additional signals in favor of the growth of BTC/USD quotations for the current trading week of June 2-6, 2025, will be a rebound from the lower boundary of the bull channel. The second signal will be a bounce off the support line on the Relative Strength Index (RSI) indicator. Cancellation of the Bitcoin rise option for the current trading week would be a drop and breach of the area at 88605. This would indicate a break of the support area and continued depreciation of BTC/USD quotes with a potential target below the level of 78505. Confirmation of the bullish movement development will be breaking through the resistance zone and closing quotations above the level of 117565.
Bitcoin Weekly Forecast BTCUSD June 2 — 6, 2025 anticipates an attempt at the support area near the level of 100,565. Then, continuation of the cryptocurrency’s rise towards regions above the level of 143,505. An additional signal in favor of Bitcoin price increase on the current trading week would be testing a trend line on the Relative Strength Index (RSI) indicator. Cancellation of the option for rising quotes’ values of Bitcoin cryptocurrency will happen with a drop and breaking the area of 88,605. In this case, we should expect further decline with the target at the level of 78,505.
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