Bitcoin (BTCUSD) Price Forecast: October 7
The BTCUSD market is currently experiencing a correction phase as the largest crypto market remains certain. The crypto bullish momentum is accumulating and also sends a clear bullish signal trading above the EMA. Amid the selling pressure the coin gave a bullish breakout from the $27714.08, suggesting the buy traders are making a recovery attempt. Thus, if the crypto’s price sustains above the $31862.21 high level, the potential rally could surge higher to hit the $32000 upper resistance level and beyond.
Key Levels:
Resistance Levels: $28000.00, $29000.00, $30000.00
Support Levels: $24000.00, $23000.00, $22000.00
BTC (USD) Long-term Trend: Bullish (Daily Chart)
Bitcoin price looks good and tasty for the buy traders in its long-term outlook. Further, the pair’s bullish momentum is accumulating above the moving averages making higher highs and moving towards the upper resistance area. 
The coin made it to the $27786.75 high level in the past few days and has made the price remain in green above the supply trend levels at the present.
Within a fortnight, BTCUSD price increases to a $27714.08 high level above the EMA as the daily chart commences today, resulting in a significant gain. Thus if this bullish momentum is steady, an established uptrend will be achieved.
Additionally, as a result of an upward momentum shown by the price indicator, the bullish race might possibly retest the $31862.21 resistance level which could lead the coin price to the $32000 upper resistance value soon in its long-term outlook.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
As an outcome of low bearish momentum, the BTCUSD market now trades in a general bullish trend. The bulls are hindering the market from smashing through the support zones.
The coin’s bullish momentum to a $27596.30 high level in the previous actions has made it possible for the largest crypto to maintain an uptrend in its recent high.
The market was propelled higher by the bulls until it reached a new high of $27710.76
resistance mark above the moving average as the 4-hour session resumes today. This shows the level and the high impact of the buy investors on the crypto market.
Next, buyers clustering around the market now means that the coin price will still go up further. Therefore we can expect the bullish momentum to reach the $32000 trend line soon in its medium-term outlook.
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