Bitcoin (BTCUSD) Price Is Going Long

Bitcoin (BTCUSD) Price Forecast: July 17
BTCUSD price is going long and sends a clear bullish signal that the coin investors are still optimistic about the asset. Amid the current sell-outs in the crypto market, the coin has decided to make a comeback action and gave a bullish breakout from $60,808.42, suggesting that buyers are making a recovery attempt and a potential for further correction. Thus, if the crypto’s price sustains above the $73709.99 high level, the potential break out could accelerate the supply pressure and push the asset to the $75000.00 upper higher level, resulting in a long position for the coin traders.

Key Levels:
Resistance Levels: $61000.00, $62000.00, $63000.00
Support Levels: $50000.00, $49000.00, $48000.00

BTC (USD) Long-term Trend: Bullish (Daily Chart)
Bitcoin market price is going long and remains bullish in its long-term view, due to the high interest from the buy traders. The sustained bullish pressure at $60,808.42 in the past action has made the crypto price remain strong above the supply trend levels in its recent high.

Amidst the recent sell-offs in the crypto world, the BTCUSD price climbed to the $63,058.07 mark above the moving average, suggesting that the price is going long.

Thus, if this bullish growth pattern is steady, an established uptrend reaching the $73709.99 previous resistance will be achieved, thereby increasing the investors’ interest to initiate long positions.

Additionally, with an upward momentum shown by the price indicator, the bullish race might retest the $73709.99 resistance level in the coming days, as the daily chart indicates that the crypto price is going long in its long-term outlook.

BTC (USD) Medium-term Trend: Bullish (4H Chart)
The medium-term chart market of BTCUSD shows that the price is going long and portrays a bullish trend, despite the interference of short-term traders in the price flow. The coin buyers are making several attempts to gain more strength.

The successful breakout by the bulls to the $60,808.42 supply value during the previous session has made it possible for the Bitcoin market to retain its bullish strength in its recent high.

The coin price currently trades at a $63,058.07 high value above the EMA-50, suggesting the coin price is going long with an intraday gain, looking tasty for the coin buyers.

Next, buyers clustering around the market presently, means that Bitcoin’s price is going long and will still increase further. Therefore, we can expect the potential rally to reach the $75,000.00 trend line in the upcoming days in its medium-term outlook.

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