Bitcoin (BTCUSD) Price Forecast: September 14
The BTCUSD pair at the moment is trying hard not to fall by resisting sellers. The coin buyers are ready to push higher as the price is currently recovering and showing positive signs above the $26095.00 supply level. The rising bullish momentum reflects the Bitcoin price also holds an opportunity to break the overhead trend line. Therefore, if all the support holds and the coin buyers could exert more force into the market, a $35000.00 high trend line could be the target, which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $27000.00 $28000.00, $29000.00
Support Levels: $25000.00, $24000.00, $23000.00
BTC (USD) Long-term Trend: Bullish (Daily Chart)
Bitcoin turns positive today. The currency pair’s orientation trades in a general bullish flow. This is clear as we can see the coin buyer pushing and trading above the EMA-9, indicating an uptrend.
However, the bullish pattern to a $26440.55 high level in the past few days has really sustained the coin price to remain above the trend line in its recent high.
The bulls caused a rise to a $25152.13 high level which further increased to the $26321.09 supply level as the daily chart opens today. This affirms the high impact of the buy investors in the market.
Buyers are ready to push higher and have struggled to sustain the BTCUSD price above the $25152.13 supply level, if the buying pressure persists; the crypto price may break the previous swing high at the $31862.21 resistance value, which would attract buyers to prevent further decline.
Hence, the market price is pointing upwards on the daily stochastic; this implies that the price action of BTCUSD is in an uptrend and in this case, the coin is liable to jump further and reach the $35000.00 supply level in the coming days in its long-term perspective as we watch the market remains bullish.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
The coin is in a bullish movement zone in its medium-term outlook. This is due to the high inflow from buyers. The price bars can be seen trading smoothly above the moving averages, this means that the coin is in a bullish trend zone.
The bulls made it to a $25208.62 high value above the moving averages in the previous action; this has made it possible for the coin to remain in a bullish trend zone in its recent high.
The Bitcoin buyers pushed higher and made a strong bullish move to a $26252.63 high level above the two EMAs to gain more strength as the 4-hour chart opens today. This bullish breakout will offer the first signal for potential recovery and provide a higher footing to push the bull rally forward.
If the trend continues, we might see the coin approaching the supply trend line of the pattern around $29631.87, presenting a potential opportunity for buyers.
That said, the BTCUSD market remains in an uptrend on the daily stochastic. This suggests that the current trend will still continue, and in that case, the coin buyers might push higher to a $35000.00 high level soon in its medium-term outlook.
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