Bitcoin (BTCUSD) Price Forecast: September 6
The BTCUSD price may enter into a bullish trend as it hits resistance at $58,531, aiming to rally higher, suggesting investors’ optimism is growing. The coin is very likely to continue growing as we are seeing a bullish correction in place. Thus, with increasing trading activity and investor interest, the potential rally could surge higher to hit $75000.00 and beyond, triggering the buying opportunity for traders.
Key Levels:
Resistance Levels: $58,000.00 $59,000.00, $60,000.00
Support Levels: $45,000.00, $44,000.00, $43,000.00
BTC (USD) Long-term Trend: Bearish (Daily Chart)
After updating yesterday’s lows, the BTCUSD hits resistance at $58,531, aiming to rally higher in its higher time frame. The price bar is below the moving average line, aiming to rally higher, confirming its bearishness. 
The persistent selling pressure on the crypto by the sell traders in the past session has dropped the Bitcoin price below the resistance levels in its recent high. However, the market aims to rally higher as the bullish correction begins.
At press time, the Bitcoin price pulled back to a $58,531 high level below the EMA-50. As the daily chart resumes today, it aims to rally higher due to more concerns from buy investors.
Thus, if the crypto’s price could sustain above the $71,804 high level, the potential that aims to rally higher could surge to hit a significant level at the upper channel, suggesting a high potential rally for the coin buyers.
Additionally, the daily stochastic indicates an uptrend by pointing upwards; hence, there is a tendency for the BTCUSD price to rise further if the support level holds, allowing buyers to take the crypto price to a high of $75,000 level as soon as it hits resistance and aiming to rally higher in its long-term perspective.
BTC (USD) Medium-term Trend: Bearish (4H Chart)
On the medium chart, the Bitcoin price hits resistance at $58,531, aiming to rally higher as the market begins its bullish correction. The coin prices are traded below the supply level, confirming its bearishness.
The sustained pressure from the bears at the $57,394 support level in the past few hours has enhanced the crypto’s price below the supply trend line, aiming to rally higher in its recent high.
The BTCUSD hits resistance at $58,531 level below the EMA-50, aiming to rally higher as the bulls continue with the journey up north shortly after the 4-hourly session opens today, renewing the investors’ interest.
Hence, a surge in investors’ interest could lead the coin price to rally higher and retest the $65,050 previous barrier, signaling a potential increase in the entire crypto market.
Further, the BTCUSD price aims to rally higher by pointing up on the daily signal, indicating an uptrend. As a result, the bullish race might head to the $75,000 upper resistance level in the coming days as the crypto hits resistance and aims to rally higher in its medium-term outlook.
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