{"id":341835,"date":"2022-08-22T13:22:20","date_gmt":"2022-08-22T17:22:20","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=341835"},"modified":"2022-08-22T13:22:20","modified_gmt":"2022-08-22T17:22:20","slug":"btc-plummets-under-21500-as-tamadoge-goes-bullish","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/btc-plummets-under-21500-as-tamadoge-goes-bullish","title":{"rendered":"BTC Plummets Under $21,500 as Tamadoge Goes Bullish"},"content":{"rendered":"<p>The Bitcoin price prediction shows that BTC may face down but consolidation is likely to play out between $20,000 and $21,000.<\/p>\n<h2>Bitcoin Prediction Statistics Data:<\/h2>\n<ul>\n<li>Bitcoin price now &ndash; $21,256<\/li>\n<li>Bitcoin market cap &ndash; $406.5 billion<\/li>\n<li>Bitcoin circulating supply &ndash; 19.1 billion<\/li>\n<li>Bitcoin total supply &ndash; 19.1 billion<\/li>\n<li>Bitcoin Coinmarketcap ranking &ndash; #1<\/li>\n<\/ul>\n<h2>BTC\/USD Long-term Trend: Ranging (Daily Chart)<\/h2>\n<p>Key levels:<\/p>\n<p>Resistance Levels: $26,000, $28,000, $30,000<\/p>\n<p>Support Levels: $17,500, $15,500, $13,500<\/p>\n<p style=\"text-align: center\"><a href=\"https:\/\/insidebitcoins.com\/visit\/etoro-news\" class=\"su-button su-button-style-3d\" style=\"color:#000000;background-color:#F9A602;border-color:#c88502;border-radius:9px\" target=\"_self\" rel=\"nofollow\"><span style=\"color:#000000;padding:0px 24px;font-size:18px;line-height:36px;border-color:#fbc14e;border-radius:9px;text-shadow:none\"> Buy Dogecoin Now<\/span><\/a>\n<\/p><p style=\"text-align: center\">Your capital is at risk<\/p>\n<p>Today, <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\">BTC\/USD<\/a> retreats below the resistance level of $21,256. The number-one crypto is likely to cross below the lower boundary of the channel as the price remains below the 9-day and 21-day moving averages. However, the Bitcoin price did not stay up for long because of an immediate reversal. Therefore, the daily chart reveals that the market may experience a slight bearish movement.<\/p>\n<h2>BTC May Range-bounds as Tamadoge (TAMA) Remains Bullish<\/h2>\n<p>At the time of writing, the <a href=\"https:\/\/insidebitcoins.com\/news\/btc-awaits-possible-breakout-while-tamadoge-remains-at-the-upside\">Bitcoin price<\/a> is hovering at $21,256 with a loss of 1.22% on the day. The trading is likely to continue a downward movement as the technical indicator Relative Strength Index (14) remains below the 60-level. The bulls must reclaim the position above $22,000 as this would allow them to focus on higher levels towards $24,000. On the other side, continued declines under the short-term support at $21,000 could easily open the way to the south.<\/p>\n<p>Meanwhile, the breakdown towards $20,000 is not out of the picture because the losses in the last 24 hours show that BTC\/USD may not be technically ready for the breakout above $22,000 but the king coin can still make an attempt to regain ground and any bullish movement to the upside may push the coin to the resistance level of $26,000, $28,000, and $30,000 while the supports lie at $17,500, $15,500, and $13,500 respectively.<\/p>\n<h2>BTC\/USD Medium-term Trend: Bearish (4H Chart)<\/h2>\n<p>The Bitcoin price is hovering within the 9-day and 21-day moving averages according to the 4-hour chart. However, if the price drops and moves below the moving averages, it could reach the nearest support levels at $19,500 and below.<\/p>\n<figure id=\"attachment_341837\" aria-describedby=\"caption-attachment-341837\" style=\"width: 1079px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-341837\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/BTCUSD_4H_17082022.png\" alt=\"\" width=\"1079\" height=\"565\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/BTCUSD_4H_17082022.png 1079w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/BTCUSD_4H_17082022-300x157.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/BTCUSD_4H_17082022-1024x536.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/BTCUSD_4H_17082022-768x402.png 768w\" sizes=\"(max-width: 1079px) 100vw, 1079px\"><figcaption id=\"caption-attachment-341837\" class=\"wp-caption-text\">BTCUSD &ndash; 4-Hour Chart<\/figcaption><\/figure>\n<p>Moreover, if the bulls push the coin towards the upper boundary of the channel, the Bitcoin price may likely reach the potential resistance level of $23,500 and above. Now, the market is likely to rebound as the technical indicator Relative Strength Index (14) moves around 40-level.<\/p>\n\n            \n<p><strong>Related:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-tamadoge\">How to Buy Tamadoge<\/a><\/li>\n<li><a href=\"https:\/\/buy.tamadoge.io\/\">Visit Tamadoge Website<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The Bitcoin price prediction shows that BTC may face down but consolidation is likely to play out between $20,000 and $21,000. Bitcoin Prediction Statistics Data: <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/btc-plummets-under-21500-as-tamadoge-goes-bullish\" title=\"BTC Plummets Under $21,500 as Tamadoge Goes Bullish\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":341836,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[734,5319,7991,7992],"class_list":["post-341835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-bitcoin","tag-btc","tag-btcusd","tag-technical-analysis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BTC Plummets Under $21,500 as Tamadoge Goes Bullish<\/title>\n<meta name=\"description\" content=\"The Bitcoin 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