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Bitcoin Price Forecast shows that the BTC price is showing signs of a market correction as it moves below $21,500.
Bitcoin Forecast Statistics Information:
- Bitcoin price now – $21,422
- Bitcoin market value – 408.8 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: $25,000, $27,000, $29,000
Support levels: $19,000, $17,000, $15,000
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BTC/USD is currently trading below $22,000 as the price is sliding towards the 9-day and 21-day moving averages. Meanwhile, the consolidation can be played according to the technical indicator which shows that the king coin may decline further before climbing to the upper limit of the channel again.
Bitcoin (BTC) can return to the top; TAMA to the moon!
According to the daily chart, the price of Bitcoin is changing hands at $21,422, which may indicate a significant rally in the channel. However, BTC trends may depend on whether future sellers can close today’s candle below $21,000. Meanwhile, if this is going to play out, it could definitely lower the prices. Looking at the daily chart, traders can expect the king coin to fall below the $21,000 support which may later move to critical support levels at $19,000, $17,000 and $15,000.
Conversely, if the price of Bitcoin fails to close below the $21,000 level; The price may stay above the 9-day and 21-day moving averages. More importantly, finding more positive moves could send the price towards the $25,000, $27,000 and $29,000 resistance levels. On the contrary, the relative strength indicator of the technical indicator (14) shows a sign of recent evolution, which indicates a possible depression in the market in the near future.
BTC/USD Medium Term Trend: Level (4H Chart)
On the 4-hour chart, BTC/USD is currently trading below the 9-day and 21-day moving averages at $20,197. However, Bitcoin price is now sliding towards the lower border of the channel.
However, if buyers stimulate the market, the price may push above the channel and push the market price towards $23,000 and above. Meanwhile, the relative strength index (14) is currently moving towards the 30-level, any further bearish movement to the south could bring the price to the $18,000 support level and below.
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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