Bitcoin (BTCUSD) Price Forecast: October 20
The Bitcoin (BTCUSD) price is positive today and also remains pressured above the $28500.00 high mark due to the high turnaround from the buying traders. Having finished the downward correction, the crypto might likely continue its upside move if the current support at $28253.71 value holds. In case the bulls’ pressure breaks up the resistance level of $31862.21, the coin price may increase further to a $32000.00 high trend line which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $28000.00, $29000.00, $30000.00
Support Levels: $26000.00, $25000.00, $24000.00
BTC (USD) Long-term Trend: Bullish (Daily Chart)
The price of Bitcoin can be seen to remain pressured above the $28500.00 high level in its long-term view. The pressure from buy traders actually adds to the bullish impact on the market.
The momentum however remains bullish as the daily chart opens today with a bullish candle at a $28999.98 supply level above the EMA-50; this implies that buyers are still gaining more strength while the short traders are getting weaker.
Hence, if the current pattern follows through, buyers would likely break past the $31862.21 resistance point. This breakout would be a better signal of a bullish recovery and may push the prices to the overhead supply zone.
Notably, the BTCUSD pair however shows the continuation of bullish sentiment on the daily signal by pointing in an upward direction as the coin remains pressured above the resistance levels. Thus, the next bulls’ target could be the $32000.00 high level soon in its long-term outlook.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
BTCUSD pair is in a bullish market trend in its medium-term outlook. The price bar can be sighted to remain pressured above the supply trend levels. 
The bullish candle at the $28520.24 high level during the past session has sustained the bullish momentum in its recent high.
The coin price at the $28611.36 supply value which is above the EMA-50 as the 4-hourly chart opens today indicates an uptrend and more bullish impact on the coin. Thus, staying above the resistance trend line will make it possible for the coin price to rise further.
However, there is a possibility of a further increase in the price of the largest crypto, if the buy traders increase their price actions and all the current support level holds, a psychologically key level of $32000.00 at the upside might be reached soon in its medium-term time frame.
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