Search Inside Bitcoins

BTC Could Drop Below $18,000 Support as Tamadoge Corrects Upward

BTC Could Drop Below $18,000 Support as Tamadoge Corrects Upward
BTC Could Drop Below $18,000 Support as Tamadoge Corrects Upward

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

The Bitcoin price prediction shows that BTC is trading below the moving averages as the coin touches $18,563 support.

Bitcoin Prediction Statistics Data:

  • Bitcoin price now – $18,625
  • Bitcoin market cap – $357.9 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: $16,000, $14,000, $12,000

Buy Bitcoin Now

Your capital is at risk

BTC/USD continues to face a setback that could be a permanent one as the king coin may have an additional bearish run below the lower boundary of the channel. Currently, Bitcoin (BTC) is trading around the $19,067 level after a free fall from $19,500 during the European.

Bitcoin (BTC) May Stay Below the Moving Averages as Tamadoge (TAMA) Increases

Looking at the daily chart, the Bitcoin price is currently nose-diving below the 9-day and 21-day moving averages. If the price should slump below the support level of $18,000, the king coin is likely to face a downward trend. However, the further bearish movement could locate the supports at $16,000, $14,000, and $12,000, making room for BTC to fall even further.

Tamadoge OKX

However, the technical indicator Relative Strength Index (14) is likely to cross below the 40-level as the trading volume could be in support of the bears. Moreover, if bulls decide to move the price above the moving averages, BTC/USD may move towards the resistance levels of $23,000, $25,000, and $27,000.

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

On the 4-Hour chart, the Bitcoin price crosses below the 9-day and 21-day moving averages as the immediate support could come at the $17,500 level. Meanwhile, the market price may likely fall below the support at $18,000 if the bears continue to dominate the market.

BTCUSD – 4-Hour Chart

However, a further bearish movement could hit the critical support at the $17,500 level and below while the resistance is located above the upper boundary of the channel at $20,500 and above. Meanwhile, the Bitcoin price is currently moving on the negative side as the technical indicator Relative Strength Index (14) is moving to cross below the 40-level.

The Tamadoge project has several new exchange listings planned however OKX will be its initial exchange offering (IEO), i.e. the first place to support trading of Tamadoge.

Tamadoge - Play to Earn Meme Coin

Our Rating

Tamadoge logo
  • Earn TAMA in Battles With Doge Pets
  • Capped Supply of 2 Bn, Token Burn
  • Presale Raised $19 Million in Under Two Months
  • Upcoming ICO on OKX Exchange
Tamadoge logo

Related:

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

Read next

Don't see the answer that you're looking for?

Ask us Now!

X

Tamadoge - 'Play to Earn Dogecoin' With 10-50x Potential

Tamadoge - 'Play to Earn Dogecoin' With 10-50x Potential

Tamadoge - 'Play to Earn Dogecoin' With 10-50x Potential

X