Bitcoin (BTCUSD) Price Forecast: July 29
The BTCUSD shows stability as it approaches the upper resistance level. The coin gave a massive breakout from a daily resistance of $68,305.64 with an intraday gain of 10%, to replenish the bullish sentiment. This surge reflects the growing and increasing interest in trading activity among the buy investors. Hence, if the bulls breach the $72,777.00 resistance, the next resistance level to watch for would be around the $75,000.00 level, indicating growing confidence among coin investors.
Key Levels:
Resistance Levels: $66,000.00 $67,000.00, $68,000.00
Support Levels: $41,000.00, $40,000.00, $39,000.00
BTC (USD) Long-term Trend: Bullish (Daily Chart)
BTCUSD shows stability as it approaches the upper high level and remains bullish on the higher time frames. The coin price holds above the $67,000.00 supply level which is above the moving average lines, indicating an uptrend.
However, the sustained bullish momentum to a $68,216.66 high mark in previous action has enhanced the crypto price to show stability above the resistance trend line in its recent high.
The Bitcoin price shows stability as it approaches the upper channel at $68,305.64 above the EMA-50 as the daily chart opens today, with an intraday gain of 10%.
Hence, with sustained buying, the crypto price may test the supply strength of the $72,777.00 level and set the potential for further growth.
Additionally, the daily signal remains in an uptrend, implying that the BTCUSD price may continue to show stability above the supply levels as it approaches the overhead resistance. Thus, a psychological key level of $75,000.00 at the upper high level might be reached soon in its higher time frame.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
The BTCUSD pair shows stability and holds above the supply levels in the medium-term outlook, due to the high impact of the long-term traders in the price flow. 
The persistent bullish pressure to a $68,175.00 high level in the previous action has led to the coin’s stability above the resistance levels in its recent high.
At the time of writing, the BTCUSD price is at a $68,276.26 high level above the resistance level as the 4-hour chart resumes today, and shows stability as it approaches the upper resistance level.
Hence, with intense buying, the price could hold the $67,658.00 flipped support and obtain a high footing to rise further.
Next, the Bitcoin pair is pointing up on the daily signal, indicating that the price might continue to show stability as it approaches the upper channel. Thus, the next price target could be the $75,000.00 upper resistance level soon in its medium-term time frame.
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