Bitcoin (BTCUSD) Price Forecast: September 30
The Bitcoin (BTCUSD) price today sends a clear buy signal that buyers are still very strong in the market. Currently, the coin price is wavering above the supply levels, if the forces from buyers in the market should increase and the coin prices are sustained above the $31862.21 supply value, the buying pressure may likely plunge the crypto price to the $30000.00 supply level trend line and beyond. Hence, it is a great opportunity and a clear buy signal for long-
term investors.
Key Levels:
Resistance Levels: $24000.00, $25000.00, $26000.00
Support Levels: $20000.00, $19000.00, $18000.00
BTC (USD) Long-term Trend: Bullish (Daily Chart)
At the time of writing, BTCUSD is trading in an uptrend in its long-term perspective. The prices are above the EMA-9 and have confirmed a bullish momentum and a buy signal breaking the previous high at $26208.43 value.
During yesterday’s session, the pair reached and held the $26357.62 resistance level. This has made it possible for the coin to remain in an uptrend in its recent high.
The momentum continues today as the bulls made a consistent move to a high at the $26594.24 mark above the EMA-9 as the daily chart opens today. This shows the high impact of the buy investors on the Bitcoin market. Thus, a strong breakup above the $31862.21 resistance point would strengthen the bullish pressure.
Adding to this, the downside risk remained uncertain as the price of BTCUSD remained in an uptrend on the daily signal. Buyers could therefore aim at the psychological level at the $3000.00 value in the upper resistance area in the days ahead in its long-term perspective.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
Despite the interference of short-term traders in the price flow, the Bitcoin market in the medium-term time frame shows a bullish race. The coin price can now be seen progressing upward above the moving averages indicating a clear buy signal.
The bulls have sustained the crypto market at the $26262.21 supply value in the previous action, this has made it possible for the coin to stay above the trend line and remain stronger at the moment.
Today, the bulls made an upward move to the $26549.49 high value above the two EMAs as the 4-hourly chart opens. The cryptocurrency looks promising as the bulls remain dominant in the market at the moment.
If buyers should increase their price action, and bullish momentum is sustained far above the resistance trend lines, further bearish sentiment will be hibernated.
Additionally, the daily stochastic remains in an upward direction. Hence, if the coin buyers manage to break above the $28184.89 supply trend line, the market participants may witness a new recovery rally and this may reach a high at the $30000.00 mark soon in its medium-term perspective. This signals a BUY trade again in its medium-term time frame.
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