Bitcoin BTC/USD ends the trading week at 86056 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 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 80405. From where we should again expect an upward rebound and continued growth of the Bitcoin rate with a potential target above the level of 107505.
Bitcoin Weekly Forecast March 31 — April 4, 2025
An additional signal in favor of the growth of BTC/USD quotes in the current trading week of March 31 — April 4, 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 cancellation of the Bitcoin rise option in the current trading week will be a fall and a breakout of the 72065 area. This will indicate a breakout of the support area and a continuation of the fall of BTC / USD quotes with a potential target below the level of 64565. Confirmation of the development of the bullish movement will be a breakout of the resistance area and closing of quotes above the level of 96605, which will indicate a breakout of the upper border of the descending correction channel.
Bitcoin Weekly Forecast March 31 — April 4, 2025 suggests an attempt at the support area near the level of 80405. Then, the continuation of the growth of the cryptocurrency to the area above the level of 107505. An additional signal in favor of the rise of the Bitcoin rate in the current trading week will be a test of the trend line on the relative strength indicator. The cancellation of the growth option of Bitcoin cryptocurrency quotes will be a fall and a breakout of the 72065 area. In this case, we should expect a continuation of the fall with a target at the level of 64565.
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