Bitcoin (BTCUSD) Price Forecast: July 31
The BTCUSD is on the rise as the bulls set to increase the crypto price to $75,000.00 after the Bitcoin conference and could continue to rise. The coin price has increased by 2.5% over the last 24 hours to trade at $69,868.93, aiming to surpass an important level of $72,777.00. If additional strength is added to the buying forces, the next uptick trend might reach the $75,000.00 crucial level, potentially increasing the investors’ confidence in the crypto world.
Key Levels:
Resistance Levels: $67,000.00 $68,000.00, $69,000.00
Support Levels: $50000.00, $49000.00, $48000.00
BTC (USD) Long-term Trend: Bullish (Daily Chart)
From the chart above, we can be assured that BTCUSD will increase to the upper resistance level soon as the bulls remain dominant in the market. 
The high order flow from the buy investors to the $68.244.30 high value during yesterday’s session also added to its price increase in its recent high.
Today, the Bitcoin price shows a high bullish trend at the $69,868.93 resistance level above the EMA-50 as the daily session opens, gunning for the upper boundary of the range.
Hence, the crypto is likely to increase further, if all the support levels hold and the bulls push harder, then the possibility of the coin price testing its previous high of $72,777.00 is high, taking the entire crypto market to a new investment opportunity.
Additionally, the daily stochastic indicates an uptrend; hence, there is a tendency for the Bitcoin price to increase, if the support level holds, enabling buyers to take the coin price to a high of $75,000.00 soon in its long-term perspective.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
The Bitcoin price tends to increase more as it shows an impressive break above the supply level indicating that the bulls are still strong in the market in the medium-term outlook. This is due to the high impact of the long-term investors on the price flow. 
The persistent bullish pressure to the $68,244.30 high level in the previous action has led to the coin’s recent high and may continue to increase.
At the time of writing, the BTCUSD price has increased to a $69,861.44 resistance level as the 4-hourly chart resumes today. The coin is now witnessing a renewed recovery sentiment among the investors indicating high conviction from buyers.
Hence, should the buying pressure persist, and the bulls close the 4-hourly chart above the $69,794.85 previous high mark, the coin price could increase to the overhead region.
There is a tendency for the Bitcoin price to increase more as indicated by the daily signal. Therefore, if the bulls should add more aggression to their activities in the market, the $75,000.00 resistance level might be reached soon in its medium-term time frame.
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