Bitcoin BTC/USD ends the trading week at 96718 and continues to move within the development of growth and a bullish channel. Moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and a potential continuation of the growth of 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 90405. From where we should again expect an upward rebound and continued growth of the Bitcoin rate with a potential target above the level of 125645.
Bitcoin Weekly Forecast May 5 — 9, 2025
An additional signal in favor of the growth of BTC/USD quotes in the current trading week of May 5 — 9, 2025 will be a rebound from the upper border of the bearish 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 this trading week if it falls and breaks through the 72005 area. This will indicate a breakout of the support area and continued decline in BTC/USD quotes with a potential target below 64505. The development of the bullish movement will be confirmed by a breakout of the resistance area and closing of quotes above 99665.
Bitcoin Weekly Forecast May 5 — 9, 2025 suggests an attempt to reach the support area near 90405. Then, the cryptocurrency will continue to grow to the area above 125645. An additional signal in favor of the Bitcoin rate rise this 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 72005 area. In this case, we should expect continued decline with a target at 64505.
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