Bitcoin (BTCUSD) Price Forecast: July 26
The BTCUSD price is at a possible buy opportunity and will likely continue its growing pattern. If the buying pressure persists and the coin price breaks above the $72,943.98 high mark, we can expect a good upside to a $75,000.00 upper resistance level, strengthening the entire crypto market for potential gains.
Key Levels:
Resistance Levels: $64,000, $65,000, $66,000
Support Levels: $57,000, $56,000, $55,000
BTC (USD) Long-term Trend: Bullish (Daily Chart)
The BTCUSD pair is at a possible buy opportunity while displaying a high momentum bullish rally. The chart shows that the coin now trades and faces the upper resistance channel, suggesting another opportunity to buy Bitcoin and a turnaround for the coin-buy investors.
The sustained bullish pressure at the $68,380.00 supply value on the 21st of July has made it possible for the coin to remain in an uptrend in its recent high.
Just like usual Bitcoin’s price is going up as we can see from the daily chart. At the press time, the bulls drove the crypto’s price from the $65,939.24 high mark to the $66,345.14 supply value above the EMA-50; suggesting a possible buy opportunity for the coin investors.
Meanwhile, the upward trajectory could face another barrier near the next resistance level at $72,943.98. A breakout above this level could propel the BTCUSD higher by 20%.
Further, continuation to the upsides is ensured as the price indicator projects an upward move, implying that the bullish trend will most probably continue and the pattern might hit the $75,000.00 upper resistance trend line soon as the coin remains at a possible buy opportunity as well as a potential buy signal in its long-term view.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
The BTCUSD pair signifies a possible buy opportunity as it continues in an upward move and remains in the bullish market zone in its medium-term view. The coin price is undeniably seen trading above the moving averages. So, let’s sit back and watch the bulls take us higher.
The coin has been making higher highs and higher lows in the previous actions; which has made it possible for the price to maintain an uptrend in its recent high.
The market price of BTCUSD which increases to a $66,345.14 high level above the supply levels as the 4-hour chart commences today, suggests an improved bullish market sentiment and a possible buy opportunity for the coin traders.
Thus, if a renewed surge in buyers’ interest occurs, the crypto’s price might surpass the $68,380.00 barrier level, indicating more investors’ confidence in the asset.
Meanwhile, buyers are seen clustering around the market as indicated by the momentum indicator signaling an uptrend. It means that buyers will still be in control of the Bitcoin price and the recovery rally could lead the crypto price to the $75,000.00 upper resistance level soon, suggesting a possible buy opportunity in its medium-term view.
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