BTC Falls Below $20,000; FOMO on TAMA

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Bitcoin price forecast shows that BTC price will go below $20,000 and may lead to a crash.

Bitcoin Forecast Statistics Information:

  • Bitcoin price now – $19,913
  • Bitcoin market value – 378 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: $24,000, $26,000, $28,000

Support levels: $17,000, $15,000, $13,000

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BTC/USD moves below the 9-day and 21-day moving averages towards $19,913. Looking at the daily chart, Bitcoin (BTC) is trading at a moving average, and it could slide and touch the $19,500 support level. The king coin is now falling below the previous resistance level of $20,000 which may cause many investors to take profits off the table.

BTC may break further lows as TAMA is rated a buy.

The price of Bitcoin is currently trading at $19,913, however, in the next part of BTC trends, buyers may or may not close today’s candle above the $20,000 level. Should this happen, the bulls could push prices higher, and traders can expect the kingpin to rise above the $22,000 resistance, which could later lead to the $24,000, $26,000 and $28,000 resistance levels.

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On the other hand, if the price of Bitcoin fails to close above the $20,000 protection level; The price may drop below the lower limit of the channel. A further low drive could send the price to the $17,000, $15,000 and $13,000 supports. Meanwhile, the technical indicator relative strength indicator (14) has recently shown a trend reversal signal as the signal line shows a potential bearish momentum in the chart.

BTC/USD Medium Term Trend: Level (4H Chart)

Looking at the 4-hour chart, after the rejection of $19,875, BTC/USD is trading below the 9-day and 21-day moving averages. Looking above, if Bitcoin holds above $19,600, the next resistance level could be $21,000, significantly above the mentioned trend-line. The next resistance could be $21,500 and above.

BTCUSD – 4-hour chart

Meanwhile, with the technical indicator below, this may mark the temporary end of Bitcoin’s bullish trend for some time. However, if the coin falls below the lower boundary of the channel, the market price will probably reach the support level around $18,000 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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