BTC Couldn’t Hit $23,000 Resistance as Buyers Strongly Prefer TAMA

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The Bitcoin price prediction reveals that BTC is showing signs of market correction as its price moves below $21,500.

Bitcoin Prediction Statistics Data:

  • Bitcoin price now – $21,422
  • Bitcoin market cap – $408.8 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: $25,000, $27,000, $29,000

Support Levels: $19,000, $17,000, $15,000

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BTC/USD is currently trading below the $22,000 level as the price slides toward the 9-day and 21-day moving averages. Meanwhile, the consolidation could be coming to play out according to the technical indicator which indicates that the king coin might likely drop more before climbing towards the upper boundary of the channel again.

Bitcoin (BTC) Could Rebound to the Upside; TAMA to the Moon!

According to the daily chart, the Bitcoin price is changing hands at $21,422, which could mark a significant rally within the channel. However, where BTC trends next may depend on whether or not sellers can close today’s candle below the $21,000 level. Meanwhile, should in case this comes to play, it may definitely drag the prices lower. Looking at the daily chart, traders may expect the king coin to fall below $21,000 support which could later move towards the critical support levels at $19,000, $17,000, and $15,000.

On the contrary, if the Bitcoin price failed to close below the $21,000 level; the price may remain above the 9-day and 21-day moving averages. More so, gaining more positive moves could send the price to the resistance levels of $25,000, $27,000, and $29,000. On the contrary, the technical indicator Relative Strength Index (14) recently reveals a sign of trend reversal, which shows a possible bearish momentum in the market soon.

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

On the 4-hour chart, BTC/USD is currently trading around $20,197 below the 9-day and 21-day moving averages. However, the Bitcoin price is now sliding towards the lower boundary of the channel.

BTCUSD – 4-Hour Chart

Nevertheless, if the buyers energize the market, they can push the price above the channel which could take the market price to $23,000 and above. Meanwhile, the Relative Strength Index (14) is currently moving towards the 30-level, any further bearish movement to the south may bring the price to the support level of $18,000 and below.

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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