Bitcoin (BTCUSD) Price Forecast: September 30
The BTCUSD price is positive and poised to hit the $72,000 high level as it trends above the supply levels, showing the investors’ enthusiasm for the asset. The crypto could rise further, and the price could go higher to hit the mentioned resistance value if buyers could add more energy and break up the $66,550 supply mark: then a good upside momentum to hit a high of $72,000 is possible soon, resulting to a high recovery potential and intraday gains for buyers.
Key Levels:
Resistance Levels: $64,000.00 $65,000.00, $66,000.00
Support Levels: $45,000.00, $44,000.00, $43,000.00
BTC (USD) Long-term Trend: Bullish (4H Chart)
The BTCUSD is trending to hit the key resistance level at the upsides as it continues its uptick movement in its long-term outlook. The price responded to the shift in the market structure and is currently above the moving averages, indicating a bullish momentum.
The bullish pressure at the $65,737 supply level in the previous session has made the coin price hit above the supply trend levels in its recent high.
At the press time, the Bitcoin market surged to hit the $65,690 high level above the moving average as the 4-hourly chart resumes today, suggesting an increased investors’ activity on the coin.
With the overall market trend still bullish, the BTCUSD price could surge to hit the $66,650 barrier and drive the potential toward the upper resistance area, restoring a steady recovery sentiment in the crypto market.
In addition, the BTCUSD market could increase further if the bulls add more power to their potential buying. The expected upside in Bitcoin price may likely surge higher to hit the $72,000 level soon in its higher time frame.
BTC (USD) Short-term Trend: Bullish (1H Chart)
The Bitcoin uptick move is poised to hit the upper high level as it remains firm above the supply levels. The price bar is above the moving averages.
The successful breakout by the bulls to the $65,705 high level in the past session has made the coin price hit above the resistance level and retain it at its recent high.
Today, the buy traders corrected to hit the $65,690 supply value above the moving averages shortly after the 1-hourly sessions resumed, indicating an established bull trend. Thus, it is very likely that the bulls will continue rising to hit the $66,550 barrier level as the journey up north continues.
Further, the daily stochastic indicates an uptrend, in this case, the price of Bitcoin might continue its bullish trend pattern to hit the $72,000.00 supply mark sooner in its short-term outlook.
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