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The Bitcoin price prediction reveals that BTC continues to head to the downside as its price moves below $23,300 to touch the low of $23,104.
Bitcoin Prediction Statistics Data:
- Bitcoin price now – $19,127
- Bitcoin market cap – $366.6 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
Your capital is at risk
BTC/USD is trading around $19,127 below the 9-day and 21-day moving averages. Looking at the daily chart, Bitcoin (BTC) has remained in a bearish zone, and it is likely to slide below the lower boundary of the channel to touch the support of $19,000. However, the king coin is now plunging below the former resistance level of $19,500 which may cause many investors to take profits off the table.
Bitcoin (BTC) May Break More Downs, Tamadoge (TAMA) Keeps Trending
The Bitcoin price is currently changing hands at $19,127, however, where BTC trends next may partly depend on whether or not buyers can close today’s candle above the $19,500 level. Should in case this comes to play, the bulls may propel prices higher, and then traders may expect the king coin to rise above the $21,000 resistance, which could later move towards the potential resistance levels at $23,000, $25,000, and $27,000.
On the other hand, if the Bitcoin price failed to close above the $19,500 level; the price could drop towards the lower boundary of the channel. A low drive could send the price to $17,000, $15,000, and $13,000 supports. Meanwhile, the technical indicator Relative Strength Index (14) has recently revealed a sign of trend reversal as the signal line shows a possible bearish momentum within the clients.
BTC/USD Medium-term Trend: Ranging (4H Chart)
Looking at the 4-hour chart, following the rejection of $19,227, BTC/USD is trading under the 9-day and 21-day moving averages. Looking at it from above, if Bitcoin holds above $20,000, then the next level of resistance could be $22,000, along with the significantly mentioned ascending trend-line. The next resistance could be $22,000 and above.
Meanwhile, as the technical indicator slides below the 40-level, this might have signaled a temporary end to the bullish trend of Bitcoin for a moment. However, if the coin falls below the lower boundary of the channel, the market price may likely reach the support levels of $17,000 and below.
Tamadoge, an ERC-20 token, will also have its initial DEX offering (IDO) on Uniswap. TAMA is set to list at $0.03. As the Tamadoge presale sold out earlier than expected, the team is reportedly moving forward with all TAMA crypto exchange listings to take place in the coming days.
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