Bitcoin (BTCUSD) Price Might Head to the the$30000.00 Supply Level
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Bitcoin (BTCUSD) Price Forecast: March 6
BTCUSD price is very likely to continue growing and might head to the $30000.00 supply level as we are seeing a bullish correction in place. The coin gave a bullish breakout from the $22654.64 level, suggesting buyers are making a recovery attempt. Thus, if the crypto’s price sustains above the $25128.11 high level, the potential rally could surge higher to hit the $30000.00 value and beyond.
Key Levels:
Resistance Levels: $23000.00 $24000.00, $25000.00
Support Levels: $20000.00, $19000.00, $18000.00
BTC (USD) Long-term Trend: Bullish (Daily Chart)
BTCUSD rebounded after its massive drops. The coin is now in the bullish market trend. The market shows that the price may now be trading in a new ascending channel.
The coin has been having a series of moves from both the bulls and the bears in the past few days. However, the bulls’ pressure on the 1st of March to the $23999.99 supply level has enabled the Bitcoin price to stay in an uptrend.
The bulls successfully moved the coin price up to a $22654.64 high level above the EMA-50 but below the EMA-9 as a pullback as the daily chart resumes today. This is a result of more concerns from the buy investors.
Therefore should the bulls increase their swagger in the market, the price is poised to pump up above the key resistance levels of around $25000.00.
Also, the momentum indicator which is pointing up indicates that the price of Bitcoin is in an uptrend and may possibly remain in that direction to hit the $30000.00 supply level and beyond soon in the higher time frame.
BTC (USD) Medium-term Trend: Bullish (4H Chart)
The market price of BTCUSD is currently trading in the bullish market zone. This is due to the gradual returns from the buy traders. 
The coin has been having a series of moves by the coin buyers which has enhanced its upward trend in its recent high.
The bulls made a corrective rally up to a $22485.25 supply trend line above the EMA-9 shortly after the 1-hourly session opens today. This will enable buyers to influence the price tendency.
Further, the Bitcoin price is pointing up indicating an uptrend as shown by the price indicator; it means that the buying pressure will continue. As a result of that, the bullish race might possibly reach the $30000.00 resistance level in the coming days in its medium-term outlook.
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