Search Inside Bitcoins

BTC Awaits Possible Breakout while Tamadoge Remains at the Upside

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

BTC Awaits Possible Breakout while Tamadoge Remains at the Upside
BTC Awaits Possible Breakout while Tamadoge Remains at the Upside

Join Our Telegram channel to stay up to date on breaking news coverage

After touching the low of $20,782, BTC is currently trading at $21,067 as the coin seems to be preparing for another upward movement.

Bitcoin Prediction Statistics Data:

  • Bitcoin price now – $21,067
  • Bitcoin market cap – $404billion
  • 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: $28,000, $30,000, $32,000

Support Levels: $15,000, $13,000, $11,000

Buy Bitcoin Now

Your capital is at risk

BTC/USD is trading below the 9-day and 21-day moving averages at $21,067 as the coin prepares to establish a bullish movement. At the time of writing, the first digital coin is likely to extend towards the resistance level of $22,000 if the bulls put more pressure on the market.

BTC Ready for A Cross Above $21k as Tamadoge Appears Bullish

The Bitcoin price is heading towards the upside, trying to create a bullish movement. Any further bullish movement above the 9-day and 21-day moving averages could locate the potential resistance levels at $28,000, $30,000, and $31,000. Nevertheless, if BTC/USD soars and crosses the upper boundary of the channel, this could be a sign of sustainability and may result in a bullish continuation.

However, if the Bitcoin price fails to move up; traders may see another price cut towards the lower boundary of the channel; a further low could bring the price to the support levels at $15,000, $13,000, and $11,000 respectively. But as it stands, the Bitcoin price is likely to rise as the technical indicator Relative Strength Index (14) moves to cross above the 35-level.

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

According to the 4-hour chart, the market is following a sideways movement below the 9-day and 21-day moving averages as the bulls are coming back into the market to push the king coin to the upside. If not, the support level of $19,500 and below may come into play.

However, if the bulls push the market above the moving averages, traders may expect a retest of the $22,000 resistance level, and breaking this level may further push the price towards the resistance level of $23,000 and above as the technical indicator Relative Strength Index (14) prepares to leave the oversold region.

BTCUSD – 4-Hour Chart

The Tamadoge team is celebrating the notable success of the presale by launching a $100,000 giveaway. There are multiple ways that people can participate in the prize pool. However, the requirement for those who want to participate in the prize pool is to hold a minimum of $100 worth of TAMA tokens on the day of the draw.

Related:

Join Our Telegram channel to stay up to date on breaking news coverage

Read next