Bitcoin (BTCUSD) Price Forecast: April 4
The BTCUSD price is likely to reverse at the current support level of $28148.47 if the mentioned level holds. The coin may face the positive side of the buy traders should exert more force and push the price above the $28654.06 supply level.
Key Levels:
Resistance Levels: $23000.00 $24000.00, $25000.00
Support Levels: $20000.00, $19000.00, $18000.00
BTC (USD) Long-term Trend: Bullish (Daily Chart)
Bitcoin price is in a bullish posture and also trades in an uptrend even though the short traders are involved in its long-term outlook. The price can be seen above the moving averages which confirms its bullishness.
The sustained bullish pressure to the $28650.20 resistance value in the past few days has retained the coin price above the supply level in its recent low.
The coin price finds support at the $28148.47 value above the two EMAs as the daily session opens today. This suggests an uptrend in the context of the strength of the market and also shows that buyers are still in dominant the price actions at the present. However, traders who buy at the current price will also have more gains in the future as well.
Hence, should the bulls exchange hands with the sell traders at the current support and close above the $28654.06 resistance value, additional intraday gains would be recorded for the buy investors in the days ahead in its long-term outlook.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
The currency pair is showing a bullish sentiment in its medium-term outlook. The price actions can be seen above the moving averages. 
The coin has been having a series of moves by the coin buyers which has enhanced its upward trend in its recent high.
The bulls caused a rise to the $28544.21 supply level after which the sell traders intervened and smashed the price of BTCUSD down to a low of $28148.47 level above the EMA-50. Thus, staying above the supply level will enable the crypto to rise further; hence, many investors can join the market at a lower price to push the market value upward.
Conversely, the market now approaches the oversold region, which means that the selling pressure will soon end. The crypto may retrace at the mentioned support, if this is achieved the price of BTCUSD may turn upside to reach the $30000.00 high level in the coming days in its medium-term outlook.
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