{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/bitcoin-btcusd-price-is-going-up\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/bitcoin-btcusd-price-is-going-up\/","headline":"Bitcoin (BTCUSD) Price is going up","name":"Bitcoin (BTCUSD) Price is going up","description":"Bitcoin (BTCUSD) Price Forecast: April 12The BTCUSD pair is currently trading in a strong bullish market; the bulls are in charge of the market at the present. The coin will rise further if the current support at $27790.21 holds. The crypto\u2019s price may continue its upside moves to reach a $3000.00 upper high level, provided […]","datePublished":"2023-04-12","dateModified":"2023-04-12","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\/04\/BTC-WED-LNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/04\/BTC-WED-LNT.png","height":546,"width":1280},"url":"https:\/\/forexschoolonline.com\/bitcoin-btcusd-price-is-going-up\/","about":["Forex Trading Tools","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":332,"keywords":["Bitcoin","BTC","BTCUSD","Technical Analysis"],"articleBody":"Bitcoin (BTCUSD) Price Forecast: April 12The BTCUSD pair is currently trading in a strong bullish market; the bulls are in charge of the market at the present. The coin will rise further if the current support at $27790.21 holds. The crypto\u2019s price may continue its upside moves to reach a $3000.00 upper high level, provided buyers increase their actions in the market.Key Levels:Resistance Levels: $22000.00, $23000.00, $24000.00Support Levels: $20000.00, $19000.00, $18000.00BTC (USD) Long-term Trend: Bullish (Daily Chart)Upward pressure still dominates the BTCUSD pair in the higher time frame. The coin price is now strongly trading above the moving averages with huge volumes from the bulls. Thus, the recent market structure has favored the bulls. The bulls\u2019 pressure to the $28547.67 during yesterday\u2019s session has sustained the crypto\u2019s price above the supply trend levels in its recent high.The current price level now trades at the $29000.00 supply level above the two EMAs. An indication of upward momentum in the context of the strength of the market. Thus, a possible breakout from the mentioned supply will accelerate the buying momentum and push the prices higher to hit the the$30000.00 resistance level. Further, the pair is in an upward direction as indicated by the daily signal, the $30000.00 upper resistance level might be the target in its long-term perspective.BTC (USD) Medium-term Trend: Bullish (4H Chart)The buy traders are now actively involved in the order flow in its short-term outlook. This is a result of low bearish outcomes. This means that the BTCUSD market is in a strong bullish trend in its medium-term time frame.Just after a few minutes of opening the 4-hourly chart, the bulls triggered up the momentum to the the$29311.02 resistance value above the moving averages. This will actually enable the pair to rise further.If Bitcoin\u2019s price sustains above the current resistance level, the resulting rally may surpass the $29100.00 level and hit the $30000.00 psychological level at the upside in the days ahead in the medium-term outlook.Buy Bitcoin on eToro "}