{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/bitcoin-btcusd-price-attempting-the-next-bull-cycle\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/bitcoin-btcusd-price-attempting-the-next-bull-cycle\/","headline":"Bitcoin (BTCUSD) Price Attempting the Next Bull Cycle","name":"Bitcoin (BTCUSD) Price Attempting the Next Bull Cycle","description":"Bitcoin (BTCUSD) Price Forecast: August 25BTCUSD price is at the moment attempting the next bull cycle and is very likely to increase in strength as we are seeing a bullish correction in place in both long and medium-term time frames. The largest cryptocurrency gave a bullish breakout from the $26180.54 level, suggesting the buy investors […]","datePublished":"2023-08-25","dateModified":"2023-08-25","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/08\/BITCOIN-IMG-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/08\/BITCOIN-IMG-1.png","height":2000,"width":2000},"url":"https:\/\/forexschoolonline.com\/bitcoin-btcusd-price-attempting-the-next-bull-cycle\/","about":["Cryptocurrency","Forex Trading Tools","FX Technical Analysis","Technical Analysis","Trade Setups"],"wordCount":432,"keywords":["Bitcoin","BTCUSD","Technical Analysis"],"articleBody":"Bitcoin (BTCUSD) Price Forecast: August 25BTCUSD price is at the moment attempting the next bull cycle and is very likely to increase in strength as we are seeing a bullish correction in place in both long and medium-term time frames. The largest cryptocurrency gave a bullish breakout from the $26180.54 level, suggesting the buy investors are making a recovery attempt. Thus, if the crypto\u2019s price sustains above the $31862.21 high level, the potential rally could surge higher to hit the $35000.00 upper trend level and beyond leading to a greater profit for the coin investors. Key Levels:Resistance Levels: $26000.00, $27000.00, $28000.00Support Levels: $20000.00, $19000.00, $18000.00BTC (USD) Long-term Trend: Bearish (Daily Chart)The BTCUSD pair indicates a downward trend with a bearish sentiment in its long-term perspective. The coin price can be seen below the two EMAs which are fanned apart. This is due to the high inflows of the sell traders on the largest crypto market.A reaction from the sell traders to the $25350.00 low value at the close of yesterday\u2019s trading session has dropped the crypto price below the supply levels in its recent low.The impulse move from the buying team now retraced from the mentioned support and moved the price of Bitcoin up to a $26180.54 high value below the moving averages even as the daily session opens today, this affirms the returns of the long traders into the market. Moreover, the selling pressure is exhausted as the market now trades below the 10% range of the daily stochastic. This will cause the bulls to resume the uptrend soon and in this case, the next bull cycle might extend the coin price to the $35000.00 high mark in the days ahead.BTC (USD) Medium-term Trend: Bearish (4H Chart)The Bitcoin market is having a bearish posture in its medium-term outlook as can be seen from the chart below. This is due to the high inflow of the sell traders on the crypto.The sustained pressure from the bears at the $25765.00 support level during yesterday\u2019s session has contributed to its bearishness in its recent low.However, on the 4-hour chart today, the buying trader added more effort and made an increase to a $26081.15 supply level as a pullback below the moving averages. Thus, should the bulls change their orientation and push higher the coin price may likely retest the $29968.00 high mark soon.Notably, the momentum indicator also signaled up indicating an uptrend. As a result, buyers are expected to continue with the trend and in this case, the next bull circle price might reach the $35000.00 resistance value soon in its medium-term perspective.Buy Bitcoin on eToro "}