Bitcoin (BTCUSD) Price Forecast: October 14
The BTCUSD price soars again, as it experiences a significant value increase driven by increased investor interest and market stabilization, showcasing a strong upward trend. The coin price sends bullish signals trading above the EMA line, indicating buyers are making solid progress. Based on the outlook, if the cryptocurrency’s price climbs above the $71,804 high mark, the possible rally could accelerate to the $75,000 upper resistance level and beyond, suggesting an increasing trading activity.
Key Levels:
Resistance Levels: $60,000, $61,000, $62,000
Support Levels: $49,000, $48,000, $47,000
BTC (USD) Long-term Trend: Bullish (Daily Chart)
The Bitcoin price soars again on the long–term chart. The coin aims for a potential all-time high (ATH), driven by renewed investor interest and increasing activity.
The coin price is above the moving average making higher highs and higher lows, indicating an uptrend. The upward trend will likely continue following the increasing volume by the bulls.
The successful breakout by the bulls to the $62,518 supply value in the past session has made the crypto price soar again in its recent high.
The BTCUSD price soars again as the market value increases to a $63,063 supply level above the EMA-50, as the daily chart commences today amid rising investor interest. Thus, if this bullish growth pattern is steady, an established uptrend will be achieved.
Additionally, due to an upward momentum shown by the price indicator, the Bitcoin price might continue to soar and expose the coin price to the $75,000 upper high level soon, as the crypto price soars again in its long-term outlook.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
The BTCUSD pair gains momentum as the price soars again amid rising investors interest on the medium-term outlook. The price staying above the EMAs confirms its bullishness and the upward move could lead the coin price to the $73,000 high level.
The coin has been making higher highs and higher lows in the previous actions making it possible for the coin price to soar again and remain above the resistance level in its recent high.
At the writing time, the Bitcoin market price soars again to a $62,936 high mark above the supply levels as the 4-hourly chart opens, driven by increased trading activities.
As anticipation builds for an upcoming surge, BTCUSD value may soar again to hit the $66,550 all-time high, if the bulls can add more tension to their buying activity.
Notably, the Bitcoin price will soar again and continue in the same direction as shown by the daily signal pointing upwards. Therefore, we can expect the upward rally to reach the $75,000 upper resistance trend line soon as the crypto soars again in its medium-term outlook.
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