Bitcoin (BTCUSD) Price Forecast: November 13
The Bitcoin market is catching the attention of crypto enthusiasts as the price initiates another uptrend and looks good with its promising performance. The coin price has surged, breaking key resistance levels. Following the recent US elections, the market has experienced consistent upward momentum and could pump ahead the $81,000 current supply if the buy traders put more effort into their trading activities. The next price target to watch out for could be the $100,000 upper resistance level, indicating further gains may be on the horizon.
Key Levels:
Resistance Levels: $80,000, $81,000, $82,000
Support Levels: $55,000, $54,000, $53,000
BTC (USD) Long-term Trend: Bullish (Daily Chart)
The BTCUSD price initiates another uptrend as the bulls remain dominant in the long-term outlook. The coin price has significantly surged, breaking through multiple resistance levels as it continues to trend above the moving averages with huge volumes from the bulls pumping ahead. Thus, the bulls are in control of the recent market. 
The bulls’ pressure to the $80,000 high mark in the past 24 hours has enabled the crypto’s price to initiate another uptrend above the supply trend levels in its recent high.
Earlier today, the Bitcoin price initiated another uptrend at the $81,943 high mark above the EMA-50, to resume the daily chart, suggesting sparking investors’ interest and momentum.
Thus, a possible breakout from the mentioned supply will accelerate the buying momentum and push the prices higher to hit the $90,000 resistance level.
Hence, the BTCUSD uptrend may continue and the emergence of more buyers to pump ahead is likely, as indicated by the stochastic signal pointing up. This will accelerate the emergence of the bulls to move the coin price to as high as $100,000 in the days ahead as the crypto initiates another uptrend in the higher time frame.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
The high inflow from investors has enabled the BTCUSD price to initiate another uptrend and trade in the bullish trend zone in its medium-term outlook.
The previous bullish trend at a $80,000 high, following the US election has sustained the crypto’s price to initiate another uptrend and remain steady above the supply levels in recent times.
The Bitcoin price initiates another uptrend to the $81,852 supply level as the 4-hourly chart resumes today, suggesting an intraday gain for the coin investors. This surge has set a fresh high, with analysts watching the potential for the largest crypto to reach the all-time high of $100,000 threshold shortly.
Additionally, the daily stochastic remains upward. Hence, if the buy traders break above the $81852 current supply trend line, the market participants may initiate another uptrend and witness a new recovery rally to reach the $100,000 high mark in the days ahead in its medium-term time frame.
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