Bitcoin (BTCUSD) Price Forecast: August 3
The BTCUSD price could see more upsides, as the crypto is slowly regaining momentum, targeting the psychological resistance at $73,709.99. The coin price may likely reverse from the daily $63,609.99 support value to a bullish direction, and it may soon be prepared for another probable upward surge. The price may perhaps retrace to retest the previous high of $73,709.99 if buyers can demonstrate their strength and trade hands with sellers at the current support level of $63,609.99.
Key Levels:
Resistance Levels: $64,000, $65,000, $66,000
Support Levels: $57,000, $56,000, $54,000
BTC (USD) Long-term Trend: Bullish (Daily Chart)
The Bitcoin market is having a bullish posture and could see more upsides in its long-term outlook. This is due to the inflow from the buy traders. 
The sustained pressure from the bulls at the $65,593.56 supply level during yesterday’s session has contributed to its bullishness in its recent low.
Today, the bear’s drop to a $63,609.99 support level above the moving averages has not stale the bullish moves, as the Bitcoin price remains in an uptrend.
Thus, the price could see more upsides to climb over the crucial levels at $73,709.99 if the bulls raise their level of market tension, reinforcing the bullish grip, as traders target the upper resistance level.
Further, BTCUSD is likely going to reverse and could see more upsides soon as the market approaches the oversold region of the daily stochastic; it means that the selling pressure will end soon.
This will compel the buy traders to resume an uptrend and may likely break up the $73,709.99 supply level soon in its higher time frame.
BTC (USD) Medium-term Trend: Bearish (4H Chart)
According to the chart below, the medium-term outlook for the Bitcoin market is in a bearish trend zone. It also indicates the price could see more upsides as it begins its bullish rally below the supply trend line, indicating a bearish trend. 
The $65,492.34 high mark today, served as a solid resistance for the coin price and a pullback below the EMAs as the 4-hourly session resumes. Because there is currently a bullish correction in place, the bulls will likely continue to see more upsides.
Similar to how the daily stochastic is pointing upward in the oversold area of the daily signal; the BTCUSD price is likely to see more upsides and continue moving north. It indicates that there is no longer any selling pressure, and we can anticipate the forthcoming bullish correction phase to quickly achieve a high of $70,00.00 in its medium-term time frame.
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