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Bitcoin (BTCUSD) Price Forecast: October 17
Today, the Bitcoin price has the potential for a bullish continuation pattern as the coin is an ascending channel making higher highs and higher lows towards the upper resistance level. The coin has recently experienced a price surge and might swing and break up its previous high of $71,804 level if further bearish pressure is restricted. The bullish correction phase will extend to meet the resistance at the $73,000 upper trend line, indicating a possible potential bullish continuation that began recently.
Key Levels:
Resistance Levels: $64,000, $65,000 $66,000
Support Levels: $50,000 $49,000, $48,000
BTC (USD) Long-term Trend: Bullish (4H Chart)
BTCUSD indicates an upward trend and a potential for bullish continuation as the coin price experiences a notable price surge in its long-term perspective. The coin is trading above the EMA-50, implying a bullish trend. However, the market is presently facing overhead resistance at the recent high. 
The potential for bullish continuation rises today as the bulls swing to the $65,651 high mark above the EMA-50 shortly after the 4-hourly session opens today, as new traders challenge their relevance amid market trends. Therefore, if the bulls could increase their tension in the market, the price of Bitcoin will move above the key levels.
Meanwhile, further upsides are likely as the price signal is pointing upward, suggesting the potential for a bullish continuation pattern and may likely break the $71,804 high mark to hit the $73,000 supply value in the coming days in the long-term outlook.
BTC (USD) Short-term Trend: Bullish (1H Chart)
The Bitcoin price signals the potential for a bullish continuation as the coin investors draw attention to the crypto in its medium-term outlook. The coin price remains in a bullish trend, suggesting the high impact and interest of the coin investors.
The bulls are trying not to fall this time as the BTCUSD bullish continuation pattern reached the $65,651 resistance value above the supply levels shortly after the commencement of the 1-hour chart today.
The market price of BTCUSD at a $65,195 high level above the moving averages, suggests an uptrend in the context of the strength of the market. Thus, closing the 1-hourly session above the $67,744 supply value will put the trade more on the buy side.
Hence, the Bitcoin pair pointing up on the daily stochastic suggests that the price has the potential for a bullish continuation and suggests a possible recovery of the $73,000 supply level in the coming days in the short-term view.
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