Bitcoin (BTCUSD) Price Forecast: July 3
BTCUSD is back in the green again and could soar above its previous high of $73,709.99 peak level as the overall trend is currently rising. The coin attempts to avoid falling by resisting sellers; however, if the bulls’ pressure breaks through the resistance level of $73709.99, the coin price may rise to a $75000.00 upper high level, indicating increased confidence among investors.
Key Levels:
Resistance Levels: $61000.00, $62000.00, $63000.00
Support Levels: $50000.00, $49000.00, $48000.00
BTC (USD) Long-term Trend: Bearish (Daily Chart)
The momentum on the long-term outlook appears bearish, but it is beginning to turn bullish and could soar above the resistance level, as shown by the chart.
The BTCUSD price is currently trading at the resistance close to the EMA-50. So it appears that the bulls are about to soar above its peak level and push us higher.
The order flow by the short-term traders at the $59868.00 low value in the past few days has made the coin price reduce a bit in price in its recent price level.
Today, the bulls caused a rise to a $63752.35 high level below the EMA-50 shortly after the commencement of the daily chart. Further, buyers must add more pressure to their activities to move the market beyond the current price level.
However, with sustained buying, the price of Bitcoin could soar above the $73709.99 peak level and set the potential for further growth.
Meanwhile, the market is pointing up on the daily stochastic indicating a buy potential. This will now compel the long traders to continue with the bullish sentiment and could soar above the $73709.99 peak level soon in its higher time frame.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
BTCUSD indicates an upward trend with a bullish sentiment and also looks good for a long in medium-term perspective. The coin price has started trending upward alongside broader market gains. 
The coin price rises significantly above the resistance trend lines at the $63460.50 level as the 4-hourly chart begins today. This is due to a high bullish impact on the market price.
Hence, Bitcoin is showing more upside possibility as indicated by the daily stochastic which is pointing in an upward direction.
We can certainly expect more gains and strength from the coin as the crypto looks good for a long and could soar above the $71011.95 peak level while the bulls continue to dictate the market conditions. The pair may likely reach the $75000.00 resistance level in the days ahead in its medium-term perspective.
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