BTC May Retrace Above $20,000; TAMA is rated a BUY

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The Bitcoin price prediction shows BTC moving from the opening price of $18,876 as the buying interest increases.

Bitcoin Prediction Statistics Data:

  • Bitcoin price now – $19,167
  • Bitcoin market cap – $369.4 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

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BTC/USD is moving sideways as the coin establishes a cross above $19,000 but currently rebounding to retest previous resistance at $19,500. The buyers may continue to look for some resistance levels by crossing above the 9-day and 21-day moving averages on their way to the upper boundary of the channel and the path of least resistance appears to the upside in the near term amid a favorable bullish technical setup.

BTC Price May Reclaim $20,000 Level; TAMA is rated a BUY

In the past few hours, after the Bitcoin price begins the upward movement, the king coin is now facing the resistance level of $19,500 and looking forward to reclaiming the resistance level of $20,000. However, if the bulls push the king coin above the moving averages, this will confirm the next direction that the coin will follow.

At the time of writing, the technical indicator Relative Strength Index (14) remains above the 40-level to indicate a bullish movement. Therefore, if the Bitcoin price crosses above the moving averages, it could hit the resistance levels of $23,000, $25,000, and $27,000 but any movement towards the lower boundary of the channel could hit the supports at $16,000, $14,000, and $12,000.

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

According to the 4-hour chart, the Bitcoin price is likely to cross above the 9-day and 21-day moving averages as the technical indicator Relative Strength Index moves close to 50-level. From above, if the Bitcoin price crosses above the moving averages, the bullish influence could spike and the accrued gains massively. 

BTCUSD – 4-Hour Chart

However, the current candle could retreat below the moving averages and may target the support level of $17,500 and below but the best the bulls can do is to hold above the resistance level of $19,500 and keep their attention on breaking the potential resistance at $21,500 and above.

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.

Tamadoge – Play to Earn Meme Coin

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