BTC Fights For $19K Resistance, TAMA Trending

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Bitcoin price forecast shows that while the king coin is moving higher, BTC is following the bullish movement.

Bitcoin Forecast Statistics Information:

  • Bitcoin price now – $19,194
  • Bitcoin market value – 368.4 billion dollars
  • Bitcoin transfer supply – 19.1 billion
  • Total supply of Bitcoin – 19.1 billion
  • Bitcoin Coinmarketcap Rank – #1

BTC/USD Long Term Trend: Level (Daily Chart)

Key steps:

Resistance levels: $23,000, $24,000, $25,000

Support levels: $16,500, $15,500, $14,500

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BTC/USD is seen pushing the market price above the $19,000 resistance as bulls need to hold the price above the 9-day moving average before moving towards the 21-day moving average. However, Bitcoin price may move strongly bullishly after a sustained break above an important resistance level.

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Bitcoin (BTC) Tamadoge (TAMA) is going north in a beautiful way

Looking at the daily chart, the bulls seem to be pushing the price of Bitcoin to the upper limit of the channel while the relative strength of the technical indicator (14) is moving above the 40-level. Moreover, the price of Bitcoin seems to be struggling around the 9-day MA, which BTC/USD may pull back a bit, before trying to go higher again.

On the upside, the $19,300 level is in line with the initial resistance. A daily close above this could push the price towards the $23,000, $24,000 and $25,000 resistance levels. In other words, Bitcoin could pull back and slide below the lower border of the channel, which is currently at $19,194. But if it breaks below the channel, critical supports can be found at $16,500, $15,500 and $14,500 respectively.

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

According to the 4-hour chart, BTC/USD is currently trading above the 9-day and 21-day moving averages, as the coin moves to break above the upper limit of the channel and may hit the resistance level of $20,000 and above. But the Bitcoin market may be range-bound around the moving averages while buyers keep the position intact.

BTCUSD – 4-hour chart

However, the relative strength index (14) shows that when the signal line crosses above the 50-level, the price of BTC may rise. Conversely, if the coin decides to cross below the 9-day and 21-day moving averages; A support level of $18,000 and below is available.

OKX (formerly OKEx) is a centralized exchange (CEX) and has its own DEX, where Tamadoge can also be traded – for those who cannot register with OKX depending on their country of residence. The DEX listing will take place at 17:00 UTC, also on the 27th.

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