Bitcoin (BTCUSD) Price Forecast: August 10
BTCUSD price shows a bullish flag while trading in a strong bullish market. The coin is projecting the upper resistance trend levels above the two moving averages. Meanwhile, the coin price might likely increase further, if the bulls could add more strength to their potential buying and the market price sustains above the $31399.08 high mark, the potential rally could surge above the $31862.21 higher level to hit the $35000.00 upper resistance value and beyond accounting for a rise. Hence a buying time for the coin investors!
Key Levels:
Resistance Levels: $28000.00 $29000.00, $30000.00
Support Levels: $25000.00, $24000.00, $23000.00
BTC (USD) Long-term Trend: Bullish (Daily Chart)
On the higher-term time frame, prices of Bitcoin are above the moving averages and have confirmed a bullish momentum breaking the previous high.
The pair is in a smooth uptrend as can be seen from the chart above. This looks nice for the buying trader and signifies a buy signal.
Increased momentum by the long traders to a $29179.21 high value during yesterday’s session has enabled the Bitcoin price to stay in an uptrend in recent times.
The price breakout at the $29659.62 resistance value above the two EMAs as the daily chart opens today indicates the high buying impact on the coin resulting in intraday gains. Hence, a breakup above the $31862.21 peak level indicates more strength in the prevailing trend.
Adding to this, the BTCUSD shows a bullish flag by pointing upward on the daily signal, therefore, if the support level holds, buyers may possibly take the price of BTCUSD up to a high of $35000.00 in the days ahead in its long-term perspective.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
The market price of BTCUSD is currently trading in the bullish market zone. This is due to the high impact of the buying crew. 
The coin has been having a series of moves by the coin buyers which has enhanced its upward trend in its recent high.
The buy traders made an aggressive move up to the $29599.00 resistance level above the two EMAs shortly after the 4-hourly chart opened today. This however makes it capable for the coin to rise further.
Trading above the moving averages will enable the market value of Bitcoin to keep pushing up.
Similarly, the price signal which is pointing upwards indicates that the trend will remain in an uptrend, if buyers should intensify their tension in the market and the prices break above the current resistance trend line, a bullish trend continues to the overhead resistance of $35000.00 is possible soon showing a bullish flag in the medium-term outlook time frame.
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