Bitcoin (BTCUSD) Price Forecast: March 2
The BTCUSD price at the moment is currently recovering and also remains strong above the resistance trend levels. The crypto has been making a remarkable stride in the past few days, demonstrating a strong bullish pattern. If the coin holders could prove stronger and the price shows sustainability above the $64100 previous high value, its upside moves could extend further to reach the $68000 upper resistance level and beyond, resulting in an intraday gain and a potential crypto signal to buy for the coin holders.
Key Levels:
Resistance Levels: $59000.00 $60000.00, $61000.00
Support Levels: $48000.00, $47000.00, $46000.00
BTC (USD) Long-term Trend: Bullish (Daily Chart)
The BTCUSD is demonstrating a strong bullish pattern and also remains strong above the resistance trend levels on the higher time frames. This is clear as we can see the prices trading at the upper channel above the moving average lines, indicating an uptrend.
The persistent bullish pressure to a $64100 supply level in the past few days has enhanced the coin prices to remain strong in an uptrend in its recent high.
Despite the interaction from the bears to a $60355 low level during yesterday’s session, the bulls made a pullback and successfully pushed the coin price up to the $61783.98 high mark above the resistance trend lines as the journey up north continues shortly after the daily chart opens today.
This indicates that the bulls remain dominant and have the market price at their disposal at the moment. Further increase in the buying pressure might lead the price of Bitcoin to retest the previous high of $64100 high mark soon.
Adding to this, there is a tendency for the coin to rise further, if the support level holds, this will enable buyers to take the crypto price up to a high of $68000 soon as it remains strong above the resistance levels in its long-term perspective.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
The market price of BTCUSD remains strong above the resistance levels in its medium-term outlook. This is due to the high inflows from the buy traders. 
The high bullish impact on the crypto to the $62936.22 supply level during the previous action has sustained its firmness above the supply levels.
Today, after completing the downward moves at a $60788.33 low level, the bulls made a pullback at the $61458.75 high value above the moving average lines as the 4-hourly chart opens. This uptick indicates a growing interest among traders.
The Bitcoin price looks promising as the bulls remain strong above the resistance levels at the moment. If the bulls should increase their price action, and bullish momentum is sustained far above the $63675.48 previous resistance trend lines, further bearish sentiment will be hibernated.
Additionally, the daily stochastic remains in an upward direction. This means that the bullish momentum may continue, as a result, the market participants may witness a new recovery rally and this may likely reach the $68000 high mark soon as the crypto remains strong above the resistance levels in its medium-term time frame.
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