FX.co ★ Bitcoin/BTCUSD forecasts

Hello traders, Bitcoin trading instrument - W1 period. The decline that has been occurring since last autumn is quite clear and expected. Almost all price increases in 2025 have been compensated. The price decline is marked by significant technical factors - a rising triangle pattern and a large and clear bearish divergence on the MACD indicator. When the price is at its peak on the second indicator used, CCI, there is also a bearish divergence but with a smaller magnitude. Initially, the decline was hindered by the first horizontal support level at 108781, but I believe that level will not hold. Although there was some resistance at that level for a few weeks with spikes, eventually the level was breached and turned into a reverse support level at the end of the rise. Then, the second level at 98805 was reached, where the senior uptrend line is also located. This area provided a precise upward spike to the reverse support level at 108781 that had been breached. Of course, there is a possibility that the price will be stuck there for a few weeks and may not even go down. However, the situation is very tense, with the line below and the support level above. Yet, it immediately went down and broke through the senior uptrend line. After a sharp decline, the price got stuck at the bottom and moved within a range for several weeks. It is expected that there will be a test of the breached support level at 98805, which eventually happened although it took a while to reach it. This level also provided a downward spike and now the situation is uncertain. Previous increases and decreases are clear, but what comes next. There is now another accumulation happening and it will depend on who accumulates more. If buyers accumulate more, then the price will continue to follow the downtrend. If sellers accumulate more, then the price will definitely rise and will be retested at the 98805 level. If buyers are very aggressive, we may see the price approaching the reverse support level at the end of the rise, 108781. In short, the current picture is not very clear, if trading within a day, it could go anywhere.