Bitcoin Price Prediction: BTC/USD Challenges $11,700 as Traders Eye Uptrend ContinuationAuthor: Azeez MustaphaLast Updated: 30 August 2020 Bitcoin (BTC) Price Prediction – August 30Today, the Bitcoin (BTC) bulls moved against the USD at numerous levels which almost touched $11,700.BTC/USD Long-term Trend: Bullish (Daily Chart)Key levels:Resistance Levels: $12,300, $12,500, $12,700Support Levels: $11,000, $10,800, $10,600BTCUSD – Daily ChartBTC/USD has resumed its upward movement after a brief dip on August 25 bringing the price from $11.081 to $11,685. A couple of days ago, BTC/USD hit just over $11,500 before retreating to a local low of around $11,402 yesterday. However, the decline was short-lived. Today, the price of the leading crypto asset is once again heading towards the north, in fact, it has returned above the 9-day moving average.What is the Next for Bitcoin?The price of Bitcoin is now moving above the crucial levels which will now function as the support zones in the event a reversal occurs. Meanwhile, on the upside, as the coin moves and breaks above the 21-day moving average, little is in place to prevent correction targeting the key resistance of $11,800 as the technical indicator RSI (14) moves above the 50-level.Nevertheless, the coin is also banking on the support at $11,000, $10,800 and $10,600 to ensure that in spite of a reversal, the Bitcoin price stays above $11,500 level. Similarly, the nearest resistance levels to watch for are $12,300, $12,500, and $12,700 while the support levels to keep an eye on are $11,000, $10,800, and $10,600 respectively.BTC/USD Medium – Term Trend: Bullish (4H Chart)The 4-hour chart shows that the price will soon find its way upward as the RSI (14) is about crossing the 60-level. Although the bears are showing interest too, it is high time for the bulls to defend the $11,500 support and push the price above the channel to meet the potential resistance at $11,850 and above.BTCUSD – 4 Hour ChartIn other words, the support levels of $11,450 and below may come into play if the price breaks below the 9-day and 21-day moving averages within the ascending channel.