Bitcoin (BTCUSD) Price Forecast: September 16
The BTCUSD pair is currently trading in a bullish market; the bulls are in charge of the market at present. Price is likely to grow more and surge above the $32000.00 price level which would be an opportunity for long-term investors. In case the bulls should defend the selling pressure, an increase in the bulls’ momentum may break the resistance level at $31862.21 and this may drive the coin price to surge above the $32000.00 upper high trend line.
Key Levels:
Resistance Levels: $26000.00, $27000.00, $28000.00
Support Levels: $23000.00, $22000.00, $21000.00
BTC (USD) Long-term Trend: Bullish (Daily Chart)
BTCUSD pair remains bullish on the higher time frames. This is clear as we can see the prices trading above the EMA-9. The price is currently recovering and may surge above the overhead supply level soon.
The bullish reversal at the $26556.91 high value on the 12th of September has sustained the crypto above the trend line in its recent high.
The largest cryptocurrency finds a reliable resistance at around $26593.78 above the EMA-9, resulting in intraday gains. Hence, staying above the EMA-9 indicates a strong possibility for a bullish correction.
If the Bitcoin buyers could increase their tension, with sustained buying pressure, it is likely to retest the $31862.21 supply zone.
Adding to that, the coin price indicates an uptrend on the daily stochastic, this suggests a shift in trend soon and this forthcoming development may drive the BTCUSD price to surge above the $32000.00 upper resistance trend line soon in its higher time frame.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
Upward pressure still dominates the BTCUSD pair in the medium-term outlook. The coin price now strongly trades above the moving averages with huge volumes from the bulls. 
Thus, the recent market structure may drive the crypto’s price to surge above the overhead resistance trend lines soon.
As a result of price rejection in the previous action, buyers have been able to push the price of Bitcoin higher to a $26573.78 high level above the two EMAs as the 4-hourly session opens today.
Actions from buyers have also increased the coin further up to the $26593.78 resistance value as it journeys up north. More gains are possible if the bulls put extra effort into the price action.
Next, the momentum indicator pointing upwards suggests the continuation of the bullish trend. The price of BTCUSD might surge higher above the $32000.00 supply value shortly in its medium-term outlook.
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