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After touching the daily high of $19,890, the Bitcoin price prediction shows that BTC could begin a downside correction.
Bitcoin Prediction Statistics Data:
- Bitcoin price now – $19,583
- Bitcoin market cap – $375.4 billion
- Bitcoin circulating supply – 19.1 million
- Bitcoin total supply – 19.1 million
- Bitcoin Coinmarketcap ranking – #1
BTC/USD Long-term Trend: Ranging (Daily Chart)
Key levels:
Resistance Levels: $23,000, $25,000, $27,000
Support Levels: $17,000, $15,000, $13,000
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BTC/USD is moving sideways around the Support level of $19,583 as buying pressure cooled off. The Bitcoin price is hovering below the 9-day and 21-day moving averages to form a low at near $19,000 before stabilizing. As of now, BTC/USD is yet to cross above the moving averages as it is by 0.61%.
Bitcoin Keeps Ranging; Tamadoge Heads to the Moon
The Bitcoin price prediction is presently ranging. A decisive breakout below $19,000 support may intensify selling pressure. Therefore, if bears push the market price downwards, the consolidation may turn into a bear run. However, the current sideways movement is likely to continue in the next few days, but the next hurdle for the king coin could emerge at the $21,000 level.
Moreover, the technical indicator Relative Strength Index (14) is moving to cross below the 40-level, a reversal is possible but only if the resistance at $20,000 is reclaimed. The persistence trade above this level may technically push the coin to the resistance levels of $23,000, $25,000, and $27,000 while the supports could be found at $17,000, $15,000, and $13,000.
BTC/USD Medium-term Trend: Ranging (4H Chart)
Bitcoin (BTC) has not yet slipped below $19,000 since the beginning of today, but the coin is in the loop of making a bounce back. The Bitcoin price hovers below the 9-day and 21-day moving averages; it may likely take time to trade above $20,000 as the Bitcoin price is currently trading around the $19,580 level.
However, if the bulls energize the market, the price may likely touch the resistance levels of $22,000 and above. Meanwhile, if the bears should drag the coin below the lower boundary of the channel, the support levels of $18,000 and below may be visited as the Relative Strength Index (14) moves below the 40-level, indicating a bearish signal.
The Tamadoge team said that the move aims to make investing in TAMA easy and safe. These users can be confident in transferring fiat into crypto, hence the need for Tamadoge to secure this deal with Transak. One of the strongest pillars of any project in the web 3.0 & crypto sector is having a solid team to see the project succeed. The TAMA website has revealed Thomas Seabrook as the Tamadoge lead developer and Carl Dawkins as the head of growth. The other members of the Tamadoge team include Neil Palethorpe and Siphamandla Mjoli, who have joined as the Senior Interaction Designer and the Senior Blockchain Developer, respectively.
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