{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/bitcoin-btcusd-price-set-for-the-next-upward-rally\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/bitcoin-btcusd-price-set-for-the-next-upward-rally\/","headline":"Bitcoin (BTCUSD) Price Set for the Next Upward Rally","name":"Bitcoin (BTCUSD) Price Set for the Next Upward Rally","description":"Bitcoin (BTCUSD) Price Forecast: April 15The Bitcoin price is set for the next upward rally after a long dip dump by the bears. In case buyers manage to break up the pattern\u2019s resistance trend line at a $73709.99 high value, a possible relief rally may drive the coin market price to the $76000 resistance mark […]","datePublished":"2024-04-15","dateModified":"2024-04-15","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\/2024\/04\/BITCOIN-IMG-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/04\/BITCOIN-IMG-2.png","height":2000,"width":2000},"url":"https:\/\/forexschoolonline.com\/bitcoin-btcusd-price-set-for-the-next-upward-rally\/","about":["Cryptocurrency","Technical Analysis","Trade Idea","Trade Setups"],"wordCount":366,"keywords":["Bitcoin","BTC","BTCUSD","Technical Analysis"],"articleBody":"Bitcoin (BTCUSD) Price Forecast: April 15The Bitcoin price is set for the next upward rally after a long dip dump by the bears. In case buyers manage to break up the pattern\u2019s resistance trend line at a $73709.99 high value, a possible relief rally may drive the coin market price to the $76000 resistance mark which would bring a drastic improvement to the entire crypto world.Key Levels:Resistance Levels: $62000.00, $63000.00, $64000.00Support Levels: $50000.00, $49000.00, $48000.00BTC (USD) Long-term Trend: Bearish (Daily Chart)The Bitcoin market has a bearish posture and is also set for the next upward rally as the bearish pressure seems exhausted now in its long-term outlook.The sustained pressure from the bears at the $60822.04 support level during yesterday\u2019s session has contributed to its bearishness in its recent low. However, the bulls are currently set for the next upward rally. Buyers are seen making an upward rally below the supply levels.Today, the bulls however made a pullback to a $64798.60 high level below the moving averages. This indicates an established bull trend which may further break the $73709.99 previous highest point soon.Also, the BTCUSD market is set for the next upward rally and further jumps are sure as indicated by the daily signal pointing in an upward direction. This will compel the buying pressure to resume fully and the new bullish pattern may hit the $76000 upper high mark.BTC (USD) Medium-term Trend: Bearish (4H Chart)The coin price is bearish in its medium-term perspective. However, the next upward rally has just begun below the supply levels, so the bulls are set to push us higher soon.Sellers\u2019 action on the Bitcoin market to a $63876.82 support level during the past session has dumped the coin below the moving averages in recent times. After a series of low dip moves, the bulls\u2019 successes fully resumed and pushed the price of BTCUSD to a high at $64760.48 trend line after the 4-hourly chart opened today. Moreover, this new upward rally will strengthen the price recovery.Hence, the daily signal indicates an uptrend, if the buy traders successfully keep the Bitcoin prices above $72631.19; the next upward rally might reach the $76000 supply level soon in its medium-term time frame. Buy Bitcoin on Longhornfx "}