Bitcoin (BTCUSD) Price Forecast: October 18
The Bitcoin market kick starts its bullish rally as it moves from uncertainty to a bullish outlook, catching the attention of crypto enthusiasts with its promising performance. The coin price is stalling above the resistance levels. As a result, if buyers exert more effort in their market tension, the trend will shift upward to reach a $71,804 resistance level and extend to the $75,000 upper resistance, resulting in a high profit for the coin traders.
Key Levels:
Resistance Levels: $66,000, $67,000, $68,000
Support Levels: $53,000, $52,000, $51,000
BTC (USD) Long-term Trend: Bullish (Daily Chart)
The BTCUSD pair is at it again, as it kicks starts its bullish rally leading to a sharp move above the critical levels in the long-term outlook. The coin price stalls above the resistance levels with huge volumes from the bulls, suggesting a robust bullish momentum. 
The bulls’ order flow at the $67,944 high point in the last session has increased the crypto price and kicked off its bullish rally at its recent price level.
The Bitcoin market kick starts its bullish rally to a $68,399 high mark above the EMA-50 as the daily chart opens today due to high turnover from long investors.
Thus, a possible breakout from the mentioned supply could accelerate the buying momentum and push the prices to hit the $71,804 resistance level.
Hence, the BTCUSD bullish rally may continue and the emergence of more buyers to pump ahead is likely, as indicated by the stochastic signal pointing up. In light of this, the high at $73,000 upper resistance level might be reached soon as the crypto kick starts its bullish rally in the higher time frame.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
The high inflow from the investors also made the BTCUSD pair start its bullish rally and remain in an uptrend in its medium-term outlook.
The sustained bullish trend to a $67,144 high level has enabled the crypto’s price to kick start another uptrend above the supply levels in its recent high.
Due to high investors’ interest and confidence in the asset, the Bitcoin price kick starts its bullish rally again to a $68,300 high level above the EMA-50 as the 4-hourly chart begins, attracting big players to drive the coin higher. With sustained buying, the coin price may challenge the $68,300 current supply strength and set the potential for further growth.
Similarly, more upsides are certain as the price indicator shows that the price of BTCUSD is in an uptrend. It is expected that the coin hit $73,000 at the high side soon as the market kick starts its bullish rally and remains bullish in its medium-term outlook.
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