Bitcoin (BTCUSD) Buying Time Is Now

Bitcoin (BTCUSD) Price Forecast: September 17

The BTCUSD market is positive again today, suggesting its buying time is now as the price soars and maintains stable upside traction, indicating investors’ attention and confidence amid the increasing bullish move. However, the price may continue to increase towards the overhead resistance, implying an opportunity for long-term investors if the bullish energy persists. Hence, if the share prices sustain above the $120,327 level, the bulls’ trend would continue upward and extend to meet the $123,000 upper high level, resulting in a buying opportunity for interested traders.

Key Levels:
Resistance Levels: $115,000.00, $116,000.00, $117,000.00
Support Levels:    $99,000.00, $98,000.00, $97,000.00

BTC (USD) Long-term Trend: Bullish (Daily Chart)

Given that the market has recovered and that trading volume has increased significantly in recent days, the time to purchase Bitcoin is now, as it reclaims another positive cycle.
It also shows a high momentum bullish rally in its long-term perspective and presents an opportunity for accumulation.

However, buying the asset during this period could be profitable for interested traders.

The price has been in a consistent upward trajectory in recent times as a result of the bulls’ previous action, reaching a high of $114,951.

Continuation to the north is confirmed by the bullish candle at $115,933 resistance level above the EMA-50 at the time of writing this article, indicating high conviction from buyers.

The coin price may rise above its previous all-time high of $120,327 if the price breaks out of this pattern, providing buy traders with an entry point.

As a result, the BTCUSD upward trend on the daily stochastic indicates that purchasing pressure may persist and points to a potential bullish expansion, which would soon push the cryptocurrency price to an upper supply level of $123,740.24 in the higher time prediction.

BTC (USD) Medium-term Trend: Bullish (4H Chart)

By breaching the previous high and confirming positive momentum, the values of BTCUSD are above the moving averages on the 4-hourly chart, indicating that the time to purchase is now. According to the chart below, the pair is on a steady upward trend.
In the prior session, the bulls’ consistent order flow to the $114,617 supply made the coin market look appealing to purchasers at its recent peak.

The buying time is now, according to the bulls’ aggressive surge to a resistance value of $115,933 above the moving average line as the 4-hourly chart opens today.

Therefore, the cryptocurrency price would remain in an uptrend if the bulls could regroup and touch the $116,833.25 high level, providing buyers with a strong foundation to support a future surge.

In addition, the daily stochastic indicates an upward trend, suggesting that the Bitcoin price will continue to remain in an uptrend and may reach the $123,000 upper resistance level soon in its medium-term outlook.

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