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After touching the daily high of $19,890, the Bitcoin price forecast indicates that BTC may begin a lower correction.
Bitcoin Forecast Statistics Information:
- Bitcoin price now – $19,583
- Bitcoin market value – 375.4 billion dollars
- Bitcoin transfer supply – 19.1 million
- Total supply of Bitcoin – 19.1 million
- Bitcoin Coinmarketcap Rank – #1
BTC/USD Long Term Trend: Level (Daily Chart)
Key steps:
Resistance levels: $23,000, $25,000, $27,000
Support levels: $17,000, $15,000, $13,000
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BTC/USD is moving sideways at the $19,583 support level as buying pressure cools. Bitcoin price hovered below the 9-day and 21-day moving averages to make a low around $19,000. So far, BTC/USD has not been able to go above the moving averages as it is at 0.61%.
Bitcoin maintains a moderate level; Tamadoge leads to the moon
Bitcoin price predictions vary at the moment. A critical break below $19,000 could intensify selling pressure. Therefore, if the bears push the market price down, the consolidation can turn into a bear run. However, the current sideways movement may continue in the next few days, but the next hurdle for the king coin may be the $21,000 level.
Moreover, the relative strength of the technical indicator (14) is moving to cross below the 40-level, it is possible to reverse but only if it returns to the resistance at $20,000. A resistance trade above this level could technically push the coin towards the $23,000, $25,000 and $27,000 resistance levels, while supports can be found at $17,000, $15,000 and $13,000.
BTC/USD Medium Term Trend: Level (4H Chart)
Bitcoin (BTC) has not yet fallen below $19,000 since the beginning of today, but the coin is preparing to bounce back. Bitcoin price hovers below the 9-day and 21-day moving averages. Bitcoin price is currently trading around $19,580, so it may take time to trade above $20,000.
However, if the bulls encourage the market, the price will probably touch the resistance levels of $22,000 and above. Meanwhile, if the bears pull the coin below the lower boundary of the channel, they may visit support levels of $18,000 and below while the relative strength indicator (14) moves below the 40-level, indicating bearishness.
Tamadogge Group said the move aims to make investing in TAMA easier and safer. These users can be convinced to move fiat to crypto, so Tamadoge is important to secure this contract with Tranak. One of the strong pillars of projects in the Web 3.0 and crypto sector is having a strong team to make the project a success. TMA’s website lists Thomas Seabrook as Tamadoge’s lead developer and Carl Dawkins as development lead. Other members of the Tamadoge team include Neil Palethorpe and Sifamandla Majoli, who joined as Senior Interaction Designer and Senior Blockchain Developer.
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