Bitcoin (BTCUSD) Price Forecast: February 16
The BTCUSD pair witnessed a notable uptick and emerged as the top crypto gainer today. The coin will keep rising as it is currently trading in a strong bullish market facing the upper channel; the bulls are in charge of the market at the present. Thus, if the coin closes the current correction phase, the accelerated buying pressure may increase the price to hit the $52000 upper resistance level, resulting in an intraday gain and a potential buy crypto signal for the coin holders.
Key Levels:
Resistance Levels: $49000.00, $50000.00, $51000.00
Support Levels: $38000.00, $37000.00, $36000.00
BTC (USD) Long-term Trend: Bullish (Daily Chart)
BTCUSD turns positive today, and will keep rising as can be seen from the chart below. The coin price now trades in the upper channel of the market and confirms a bullish race. This is due to the high impact of the buy investors in the coin market.
The bulls’ pressure to a $50333 high mark in the past few days has sustained the crypto’s price above the supply trend levels in its recent high.
Today, the bulls swept the bearish momentum under the rug, by pushing the price of Bitcoin to an intra-day high of $51403 level above the moving average. This will prolong the upward rally and enable the coin price to keep rising and fueled the release of more buy investors into the market.
As of now, the price signal is pointing upwards indicating a bullish move and in this case, the price of Bitcoin will keep rising and could jump up to hit the $51000 upper supply mark sooner in its long-term outlook.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
Analyzing the chart below, we can clearly see that BTCUSD price will keep rising as it remains in a strong bullish market zone. The price currently trades above the EMA line making higher highs and moving towards the major upper resistance area. 
The high bullish impact on the crypto at the $49796 high level in the previous action has contributed to its bullishness in its recent high.
The strong push by buyers to the $51403 resistance trend line above the moving averages as the 4-hour chart opens today shows that the buying activities will keep rising. Thus, if the long traders could break above the current supply level, the bearish thesis will be invalidated.
Likewise, there is a possibility of more upsides as indicated by the price signal which is pointing in an upward direction. This may extend the largest cryptocurrency price to a high at $52000 upper resistance value soon in its medium-term time frame.
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