Bitcoin (BTCUSD) Price Forecast: October 19
The Bitcoin market is buzzing with high hopes as it shows great potential for massive gains with high volumes from the buy traders. The crypto is likely to grow more if the current support at $66,783 value holds and the daily chart closes above the $68,399 resistance level. There is a possibility of the price reaching the $73,000 upper resistance trend line, reflecting high investors’ interest and confidence in the asset.
Key Levels:
Resistance Levels: $66,000, $67,000, $68,000
Support Levels: $53,000, $52,000, $51,000
BTC (USD) Long-term Trend: Bullish (4H Chart)
Bitcoin investors aim for substantial returns as the price shows potential for massive gains in the higher time frame. The coin prices are above the supply levels, indicating a bullish trend with strong growth potential.
The sustained bullish momentum to a $67,880 high mark in the past session has enabled the crypto price to show potential for massive gains and remains above the resistance levels in its recent high.
After completing the low dips at $66,783, the BTCUSD pulled back to a $67,657 high point above the EMA-50 as the 4-hourly chart opens today, showing potential for massive gains.
The Bitcoin market is steady above the supply levels, if the coin investors could add additional strength to the buying momentum; the price may surpass the $68,399 barrier level, showing potential for massive gains.
In addition, the daily stochastic indicates an upward trend, implying that the buy investors may likely continue with the bullish correction pattern to retest the $68,399 high value and further extend the BTCUSD price to the $73,000 resistance mark soon, as it shows potential for massive gains in its long-term outlook.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
The crypto is displaying a bullish posture and shows potential for massive gains as it remains upward on the medium-term outlook.
The increase in bullish pressure to a $67,090 high value in the last session has enabled the Bitcoin price to show potential for massive gains and stay strong above the resistance lines in its recent high.
The market price of BTCUSD has just broken up the EMA-50 at the $67,657 supply level as the 4-hourly chart opens today, giving the crypto a high tendency to rise further. Thus, buyers must add more pressure to their activities to move the market beyond the current price level.
Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $68,399 previous high, the resulting rally may surpass the $71,804 level and hit the $73,000 psychological level at the upside in the day ahead as it shows potential for massive gains in its medium-term perspective.
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