Bitcoin BTC/USD ends the trading week at 97091 and continues to move within the development of the correction and the bullish channel. The moving averages indicate the presence of an upward trend. Prices are again testing the area between the signal lines, which indicates pressure from asset buyers and a potential continuation of the growth of asset quotes. At the moment, we should expect an attempt to develop a fall in the coin price and a test of the support area near the level of 95605. From where we should again expect an upward rebound and continued growth of the Bitcoin rate with a potential target above the level of 118605.
Bitcoin Weekly Forecast February 17 — 21, 2025
An additional signal in favor of the growth of BTC/USD quotes in the current trading week of February 17 — 21, 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 scenario will be cancelled by a fall and a breakout of the 80565 area. This will indicate a breakout of the support area and a continuation of the fall in BTC/USD quotes with a potential target below 75455. The development of the bullish movement will be confirmed by a breakout of the resistance area and closing of quotes above 108605.
Bitcoin Weekly Forecast February 17 — 21, 2025 suggests an attempt to reach the support area near 95605. Then, the continuation of the growth of the cryptocurrency to the area above 118605. An additional signal in favor of the rise in the Bitcoin rate this trading week will be a test of the trend line on the relative strength indicator. The Bitcoin cryptocurrency growth scenario will be cancelled by a fall and a breakout of the 80565 area. In this case, we should expect a continuation of the decline with a target at 75455.
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