Bitcoin (BTCUSD) Price Forecast: August 16
The Bitcoin price at the moment is currently recovering and also maintains its bullish race. The crypto is showing positive indications above the $60,939.65 supply value. If coin holders demonstrate greater strength and the price sustains beyond the previous high value of $69,868.93, it may rise even higher to a $73,000.00 level and beyond, offering a good entry
point for the coin holders.
Key Levels:
Resistance Levels: $64000.00 $65000.00, $66000.00
Support Levels: $51000.00, $50000.00, $49000.00
BTC (USD) Long-term Trend: Bullish (4H Chart)
The BTCUSD pair portrays a bullish sentiment and maintains its bullish race in its long-term perspective. Buyers are confident about gaining higher levels and this confirms their high impact in the market at present. 
The sustained bullish pressure at the $60,833.19 supply level during yesterday’s session has made it possible for the crypto to maintain its bullish race in its recent price level. This has made it possible for Bitcoin to remain firm in an uptrend.
The momentum continues today, after dropping to a low of $60,661.25 level by the sell traders, the bulls made a corrective move to a high at the $61,490.13 mark above the supply trend levels as the 4-hourly chart opens, indicating the high impact of the buy investors on the BTCUSD market as it maintains its bullish race. The momentum indicator remains in an uptrend, suggesting the continuation of the bullish rally.
In light of this, the bulls could therefore aim at the psychological level of $73,000.00 resistance value in the day ahead as the BTCUSD pair maintains its bullish race in its long-term perspective.
BTC (USD) Short-term Trend: Bullish (1H Chart)
In the medium term, the Bitcoin pair displays a positive trend and maintains its bullish race due to high demand from the buying crew. However, the price may break the $62,554.99 high mark soon as the crypto has just begun its rising pattern. 
The coin price can now be seen progressing upward above the resistance trend lines matching towards the upper resistance levels. This shows that buyers are currently gaining more strength in the market.
The bulls sustained pressure at the $61,340.30 high mark in the last session, which has made the BTCUSD market maintain its bullish race above the supply levels in its recent high.
Today, the BTCUSD maintains its bullish race as the bulls made an upward move to the $61,353.47 high value above the supply trend levels as the 1-hour chart opens, suggesting the coin investors are dealing in the coin.
Should the bulls increase their price action, and bullish momentum is sustained far above the resistance trend lines, further bearish sentiment will be hibernated.
Notably, the coin is in an upward direction on the daily stochastic; therefore, if additional selling power holds, a post-retest rally may drive the prices high to break up the mentioned resistance and hit the $73,000.00 resistance value soon in its medium-term time frame.
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