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Big Time (BIGTIMEUSD) Remains Strong above the $0.24147 Supply Mark

Johnathon Fox
10/16/2023 | UPDATED ON: 10/16/2023

Big Time (BIGTIMEUSD) Price Forecast: October 16
The BIGTIMEUSD pair at the moment is moving in a bullish direction and also remains strong above the supply levels. The crypto is trying hard not to fall by resisting sellers, in case the bulls’ pressure breaks up the previous high barrier at $0.31956, the coin price may increase further to a $0.34000 upper high trend line which indeed will be a turnaround for the coin holders.

Key Levels:
Resistance Levels: $0.2800 $0.29000, $0.30000
Support Levels: $0.24000, $0.23000, $0.22000

BIGTIME (USD) Medium-term Trend: Bullish (30-Minute Chart)
BIGTIMEUSD remains bullish on the higher time frames. This is clear as we can see the prices trading and remaining strong above the moving average lines indicating an uptrend.
Big Time (BIGTIMEUSD) Remains Strong above the $0.24147 Supply Mark
However, the previous action at the $0.22936 high level in the past few minutes has really sustained the coin price to remain above the trend line in its recent high.

The price opened lower but managed to trade in green over the past few hours. The price finds a reliable resistance at $0.24668 value above the EMA-50 as the 30-minute chart begins today, resulting in intraday gains. This will prolong the upward rally and fuel the release of more buy investors into the market.

Currently, the price of Big Time is pointing upwards on the daily stochastic indicating a bullish move and in this case, the price of BIGTIMEUSD could jump up to hit the $0.34000 supply mark sooner in its medium-term outlook.

BIGTIME (USD) Short-term Trend: Bullish (15-Minute Chart)
The short-term market value of Big Time is moving in a bullish direction as can be seen from the chart below. The coin price which remains strong above the supply level while facing the upper channel of the market, confirms a bullish race.
Big Time (BIGTIMEUSD) Remains Strong above the $0.24147 Supply Mark
During yesterday’s session, the pair reached and held the $0.23104 resistance level. This has made it possible for the coin to remain in an uptrend in its recent high.

Today, an additional buying pressure pushed the price of BIGTIMEUSD above the critical level from the $0.24147 value to the $0.24668 resistance level above the EMA-50. This will however give the buy traders the tendency to further ladder up the trend. To push the price to the upper resistance zone, more buyers’ participation is a prerequisite.

However, there is a possibility of a further increase in the price of Big Time, if the buy traders should increase their price actions and all the current support level holds, a psychologically key level at the $0.34000 supply level might be reached soon in its short-term time frame.

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
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