Bitcoin (BTCUSD) Price Forecast: May 4
Bitcoin begins its recovery journey targeting above $75000.00 resistance level. After updating the lows, the crypto is back in the green characterized by potential gains. If the price makes a retest at a $73709.99 previous high mark, then the price may jump up to hit the $75000.00 trend line and beyond.
Key Levels:
Resistance Levels: $71000.00 $72000.00, $73000.00
Support Levels: $41000.00, $40000.00, $39000.00
BTC (USD) Long-term Trend: Bearish (Daily Chart)
Bitcoin is bearish in its long-term outlook. Crypto has begun its recovery journey to remain stable on the upside. The coin price is trending up below the supply levels aiming at the crucial supply level. 
The previous action by the bears at the $56500.00 support level in the past few days has contributed to its bearishness lately. However, the coin price has now begun its recovery journey, so the bulls are set to push us higher.
Earlier today, the bulls made an increase in the BTCUSD price to a $62150.90 supply mark below the EMA-50, indicating that the crypto has begun its recovery journey.
Thus, a possible leap from the mentioned supply will accelerate the buying momentum and push the prices of BTCUSD higher to hit the key resistance level at the upper channel bolstering buyers for a sustainable rally.
However, there is a possibility of a further increase in the price of Bitcoin, if the buy traders increase their price actions and all the current support level holds, a psychologically key level at the $75000 supply level might be reached soon in its long-term time frame.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
The medium-term chart also shows that Bitcoin price has begun its recovery journey as we can see the coin price progressing above the supply levels. 
The sustained bullish pressure to the $59588.20 high level in the previous action has led to the coin’s recent price level.
At the time of writing, the BTCUSD begins its recovery journey and holds at a $61917.05 supply level above the EMA-50 as the 4-hourly session opens today. Thus if this bullish growth pattern is steady, an established uptrend will be achieved for future growth.
More upsides are certain as the price indicator shows that the price of Bitcoin is in an uptrend. It is expected that the recovery journey will hit the $75000.00 high side soon as the market begins its recovery journey in the medium-term outlook.
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