Bitcoin (BTCUSD) Price Forecast: April 22
There is a possibility for the BTCUSD pair to experience a bullish reversal price action and the price could be ready very soon for another upward move potential. If the forces from buyers in the market should increase and the current support level at $27991.32 holds, the coin price may possibly retest the $31050.00 previous high and beyond.
Key Levels:
Resistance Levels: $26000.00, $27000.00, $28000.00
Support Levels: $20000.00, $19000.00, $18000.00
BTC (USD) Long-term Trend: Bearish (Daily Chart)
The Bitcoin market has a bearish posture in its long-term outlook as can be seen from the chart below. This is due to the inflow from the sell traders. The sustained pressure from the bears at the $28595.28 support level during yesterday’s session has contributed to its bearishness in its recent low.
However, on the daily chart today, the bears made a drop to a $27991.32 supply level below the moving averages. Thus, should the bulls change their orientation and push higher the coin price may likely reverse and face the upside to retest the $31050.00 high mark.
Meanwhile, the BTCUSD price has fallen below the 20% range of the daily stochastic, this will compel the bulls to resume the next upward move, and with this upcoming bullish trend, the price may jump up to revisit the $31050.00 previous high level soon in its long-term outlook.
BTC (USD) Medium-term Trend: Bearish (4H Chart)
The price of BTCUSD is in a bearish move in its medium-term outlook. The prices are seen slightly below the moving averages, this is due to the brief returns of sellers which may soon fade off. 
The coin price is currently trading at the resistance level of $28284.67 slightly below the two EMAs as a pullback from the buy traders; this assures or confirms the bull’s gradual return to the market. The longer the price stays above the mentioned level, the more pressure builds up to reach a key significant level at the upside.
In addition, further upsides are likely as the market is in an upward direction in the oversold region. This will compel the buy traders to resume the upward rally and this time around the bulls may likely revisit the $31050.00 supply level and beyond soon in the medium-term.
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