Bitcoin (BTCUSD) Price Forecast: March 22
The BTCUSD downside movement is losing juice at the moment as the coin is demonstrating a vigorous movement towards the $70000.00 higher level. The coin market is trying hard not to fall by resisting sellers, in case the bulls’ pressure breaks up the peak resistance level of $73709.99, the coin price may increase further to a $74000.00 high trend line which indeed will be a turnaround for the coin holders and the world crypto market.
Key Levels:
Resistance Levels: $63000.00 $64000.00, $65000.00
Support Levels: $51000.00, $50000.00, $49000.00
BTC (USD) Long-term Trend: Bullish (Daily Chart)
BTCUSD downside movement is losing juice as the coin price remains bullish on the higher time frames. This is clear as we can see the prices trading above the moving average lines indicating an uptrend.
However, the previous action at the $68877.82 high level in the past few days has sustained the coin price to remain above the trend line in its recent high.
The largest cryptocurrency is getting stabilized above the resistance trend line again while the downside movement is losing juice at the moment.
The Bitcoin price after completing the lows of yesterday at a $61506.00 level, made a pullback at the $64328.26 supply value above the moving average line as the daily session begins today. This indicates an upward momentum in the price of BTCUSD as it journeys up north.
Further, a bullish candle closing above the $73709.99 supply value will give a better confirmation of the potential uptrend.
Thus, the correction phase will bounce up as the price projector signals an uptrend in the oversold region of the market. This means that the bullish correction pattern may likely jump to reach the $74000.00 resistance trend line sooner as the coin downside movement is losing juice in the long-term outlook.
BTC (USD) Medium-term Trend: Bearish (4H Chart)
BTCUSD downside movement is also losing juice here as we can see a new correction taking place below the supply levels in the medium-term time frame. 
The price bar can be seen below the EMA-50 which signifies a bearish trend. However, the current trend will soon be nullified as the bulls are now in the market to push us higher.
The sustained bearish pressure at the $61506.00 support value in the previous action has made the crypto price drop below the supply levels in its recent price level.
The price increase to a $64328.26 resistance level below the EMA-50 as the 4-hourly chart opens today implies that the downside movement is losing juice as the bulls are returning into the market in a grand style. To push the price above the supply zone more buyers’ participation is a prerequisite.
Adding to that, 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 psychological key level at the $74000.00 supply level might be reached soon in its medium-term time frame.
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