Bitcoin BTC/USD ends the trading week at 88497 and continues to move within the development of the fall 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 sellers and a potential continuation of the fall in BTCUSD quotes. At the moment, we should expect an attempt to develop a bearish correction in the coin price and a test of the support area near the level of 86505. From where we should again expect an upward rebound and continued growth of the Bitcoin rate with a potential target above the level of 115685.
Bitcoin Weekly Forecast March 10 — 14, 2025
An additional signal in favor of the growth of BTC/USD quotes in the current trading week of March 10 — 14, 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 option can be cancelled in the current trading week if it falls and breaks through the 72305 area. This will indicate a breakout of the support area and continued decline in BTC/USD quotes with a potential target below 66405. The development of the bullish movement will be confirmed by a breakout of the resistance area and closing of quotes above 96055, which will indicate a breakout of the upper boundary of the downward correction channel.
Bitcoin Weekly Forecast March 10 — 14, 2025 suggests an attempt to reach the support area near the 86505 level. Then, the cryptocurrency will continue to grow to the area above 115685. An additional signal in favor of the Bitcoin rate rise in the current trading week will be a test of the trend line on the relative strength indicator. The Bitcoin cryptocurrency growth option can be cancelled if it falls and breaks through the 72305 area. In this case, we should expect continued decline with a target at 66405.
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