Bitcoin (BTCUSD) Price Forecast: October 30
The Bitcoin price is struggling heavily not to fall and it could remain in that direction and may head towards the upper supply level. Should the bulls intensify their efforts and break up the $35157.23 resistance level, the coin price may likely be heading towards the $36000 supply level and beyond.
Key Levels:
Resistance Levels: $3200.00 $35000.00, $36000.00
Support Levels: $26000.00, $25000.00, $24000.00
BTC (USD) Long-term Trend: Bullish (Daily Chart)
In the higher-term time frame, prices of Bitcoin are above the moving average and may head toward the upper resistance level.
The coin has been having a series move from the bulls in the past few days which has contributed to its bullishness in recent times. This was overridden by the sell traders to a $33400 support level during yesterday’s session.
Today, the price pulled back to a level of $33905.96 which later increased to a $34500 high level above the EMA-50 indicating the bulls’ gradual return to the market.
However, a retest of the previous high at the $35157.23 level is possible soon if the buy traders successfully keep the BTCUSD prices above the $30275 .00 level.
Additionally, there is a tendency for the coin to rise further, if the support level holds, this will enable the buyers to take the price up and may head towards a high of $36000 level soon in its long-term perspective.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
The BTCUSD pair is showing a bullish sentiment. The price actions can be seen above the moving average and may head towards the upper high mark. 
The impulse move by the bulls further moves the price of Bitcoin up to the $34149.96 resistance level above the EMA-50; this is a result of more concerns from the buy investors.
Therefore should the bulls increase their swagger in the market, the price may head towards the key resistance levels around the $35157.23 level.
In addition to that, the momentum indicator which is pointing up indicates that the price of BTCUSD is in an uptrend and may possibly remain in that direction to hit the $36000 supply level and beyond soon in the medium-term time frame.
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