Bitcoin BTC/USD ends the trading week at a level of 103,592 and continues to move within the framework of growth development and bull channel. Moving averages indicate the presence of an upward trend. Prices broke through the area between signal lines upwards, which indicates pressure from the buyers of the asset and potential continuation of price growth in BTCUSD. Currently, it is worth expecting a development of bearish price correction for the coin and testing the support area near the level of 95,605. From there, one should expect another bounce upwards and continued growth of the Bitcoin course with a potential target above the level of 127,605.
Bitcoin Weekly Forecast BTCUSD May 19 — 23, 2025
Additional signals in favor of the growth of the BTC/USD index on the current trading week from May 19 to May 23, 2025, will be a rebound from the upper boundary of the bearish channel. The second signal will be a rebound off the support line on the Relative Strength Index (RSI) indicator. Cancellation of the Bitcoin rise scenario for this current trading week will be a drop below the area of 88405. This will indicate a break through the support zone and continued fall in BTC/USD prices with potential targets below the level of 75665. Confirmation of the bullish movement development will be breaking through the resistance area and closing prices above the level of 108665.
Bitcoin Weekly Forecast BTCUSD May 19 — 23, 2025 anticipates an attempt to stay in the support area near the level of 95605. Then, a continuation of the cryptocurrency’s growth towards areas above the 127605 level. An additional bullish signal for Bitcoin’s price increase on this current trading week will be testing the trend line on the Relative Strength Index indicator. Cancellation of the option for an upward movement in Bitcoin’s cryptocurrency prices will occur with a decline and break through the area of 88405. In that case, one should expect further drops with a target at the level of 75665.
