{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/bitcoin-btcusd-price-to-swing-up-to-the-35000-00-level\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/bitcoin-btcusd-price-to-swing-up-to-the-35000-00-level\/","headline":"Bitcoin (BTCUSD) Price to Swing up to the $35000.00 Level","name":"Bitcoin (BTCUSD) Price to Swing up to the $35000.00 Level","description":"Bitcoin (BTCUSD) Price Forecast: July 22BTCUSD is actually making positive moves and looks promising at the $29954.55 resistance value amidst market volatility. There is a possibility for the crypto to swing up further and test the supply level of $31443.67. Should the bulls increase their pressure, the above current price level may not hold and […]","datePublished":"2023-07-22","dateModified":"2023-07-22","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\/2023\/07\/BTCUSD-SAT-LNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/07\/BTCUSD-SAT-LNT.png","height":589,"width":1281},"url":"https:\/\/forexschoolonline.com\/bitcoin-btcusd-price-to-swing-up-to-the-35000-00-level\/","about":["Cryptocurrency","Forex Trading Tools","FX Technical Analysis","Technical Analysis","Trade Idea","Trade Setups"],"wordCount":422,"keywords":["Bitcoin","BTC","BTCUSD","Technical Analysis"],"articleBody":"Bitcoin (BTCUSD) Price Forecast: July 22BTCUSD is actually making positive moves and looks promising at the $29954.55 resistance value amidst market volatility. There is a possibility for the crypto to swing up further and test the supply level of $31443.67. Should the bulls increase their pressure, the above current price level may not hold and it may extend to a $35000.00 high level and beyond.Key Levels:Resistance Levels: $22000.00, $23000.00, $24000.00Support Levels: $20000.00, $19000.00, $18000.00BTC (USD) Long-term Trend: Bullish (Daily Chart)Upward pressure still dominates the BTCUSD pair in the higher time frame. The coin price can be seen trading above the EMA-9 with huge volumes from the bulls. Thus, the recent market structure has favored the bulls. The bulls\u2019 pressure on the crypto in the past few days has sustained the coin price above the supply trend lines in recent times.In the last 4 days, the Bitcoin price has increased by 18.5% and reached the current trading value of $29954.55 as the daily chart opens today.With sustained buying, the price might test the supply strength of the previous high of $31443.67 and set the potential trend for further growth.Further, the daily stochastic suggests an uptrend by pointing upward. Thus, if the buy traders successfully keep the BTCUSD prices above the $ resistance level, a retest of the previous high at $31443.67 level is possible which may further extend the coin price to the $35000.00 upper high level in the coming days in its higher time frame. BTC (USD) Medium-term Trend: Bearish (4H Chart)The BTCUSD pair is trading in the bearish trend market in its medium-term outlook. The price bar can be seen slightly below the moving average lines and has confirmed its bearishness.Pressure from the sell traders at the $29874.57 low value in the previous action actually adds to the bearish impact on the market.However, the bulls override this and made a corrective move to the $29852.81 resistance level slightly below the two EMAs as the 4-hourly chart opens today.Thus, the current price level which is close to the major resistance level is a result of high commitment from the bulls. Should the bulls increase their momentum, the price of Bitcoin might break out from the current supply to hit the previous high of $31862.21 high value.Adding to this, there is a possibility of a further increase in the price of Bitcoin, if the buy traders should increase their price actions and all the current support level holds, a psychologically key level of $35000.00 at the upside might be reached soon in its medium-term time frame.Buy Bitcoin on eToro "}