Bitcoin (BTCUSD) Price Could Go Higher

Bitcoin (BTCUSD) Price Forecast: April 17
The Bitcoin (BTCUSD) price could go higher above the current supply level at $66928.82 and it’s likely to grow more if all the support levels hold. The crypto is slightly facing a high volume from the bulls, if the current support at $60822.01 value holds, and the daily chart closes above the $73709.99 previous high level, the next potential rally could hit the $76000 upper resistance level and beyond, revitalizing the crypto market.

Key Levels:
Resistance Levels: $64000.00, $65000.00, $66000.00
Support Levels: $49000.00, $48000.00, $47000.00

BTC (USD) Long-term Trend: Bearish (Daily Chart)
The bulls are in charge of the daily chart. Meanwhile, the market value of BTCUSD could go higher above the current trend as the bulls are claiming to be more active now.

During yesterday’s session, buyers were able to touch the $65890.91 resistance level which made the crypto price go higher above the supply level lately.

At the time of writing, an impulsive move by the bulls pushes the largest crypto’s price up to the $66928.82 resistance level above the moving average line. This suggests that the coin price could go higher.

Notably, the Bitcoin price could go higher and more jumps are ahead as suggested by the daily signal which is pointing upwards. This means that the selling pressure is not likely to continue. In light of this, the bulls may likely drive the coin price to a $76000 high value in the days ahead in its higher time perspective.

BTC (USD) Medium-term Trend: Bearish (4H Chart)
On the medium-term view, the BTCUSD market is facing resistance and the price could go higher if the bulls can put extra effort into their buying actions.

Actions from the short traders at the $62150.00 support level during the previous session have made the coin price drop below the resistance level in recent times.

Earlier today, the bulls made a successful move to the $66928.82 supply value slightly below the moving averages as the 4-hourly chart resumes. This is an indication that the Bitcoin price could go higher and will encourage the buy traders to invest in the crypto, as possible future gains are certain.

In addition, the currency pair could go higher as indicated by the daily stochastic which remains in an uptrend. Therefore, if the buy traders managed to break up the $72631.19 previous high level, the price of BTCUSD could grow higher to reach the $76000 upper resistance point maintaining a further growth potential for the crypto market.

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