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Bitcoin (BTC) price sees a 4.93% decline in the last few hours as the cryptocurrency broke the $18,255 support.
Bitcoin Forecast Statistics Information:
- Bitcoin price now – $18,457
- Bitcoin market value – 353.6 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: $22,000, $24,000, $26,000
Support levels: $16,000, $14,000, $12,000
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BTC/USD loses momentum after touching key resistance above $19,516. As of writing, the pair is down 4.93% on the day below its 9-day and 21-day moving averages at $18,459. Meanwhile, Bitcoin (BTC) may struggle to close above $19,000 and if so, it should be free to rise above $20,000 if it is going to the next positive direction.
Can Bitcoin price trade above $19,000? Tamadoge is sold out!
After a small positive move at $19,500, Bitcoin price is slipping below the 9-day and 21-day moving averages. In the last few days, the king coin may break below the lower limit of the channel. Moreover, in today’s session, the coin tried to push higher but the sellers came in and pushed the coin down to touch the daily low of $18,255.
Moreover, if the coin moves lower, $18,000 may serve as a nearby support level, which may give room for the coin to fall further and hit the supports at $16,000, $14,000 and $12,000. A relative strength indicator (14) below the 40-level indicates a downward trend in the nosedive. On the contrary, BTC/USD may rise to see the resistance levels of $22,000, $24,000 and $26,000.
BTC/USD Medium Term Trend: Level (4H Chart)
On the 4-hour chart, the price of BTC will reach $18,692 and may take time to cross above the 9-day and 21-day moving averages. More importantly, if the bulls gather enough strength, an upward move could reach the resistance level of $20,500 and above.
On the upside, immediate support can be found around $18,000, while critical support is at $17,000 and below. Therefore, if the bears put more pressure on the market, the price of Bitcoin will probably fall to the lower border of the channel, moreover, the relative strength indicator (14) will move to cross over the 30-level, which indicates bullish activity.
Tamadoge, an ERC-20 token, will also have an initial DEX offering (IDO) on Uniswap. TAMA is set to list at a price of $0.03. As the Tamadog presale sold out more than expected, the team is said to be moving forward with all details of the TAMA crypto exchange in the coming days.
Tamadoge – Meme Play to earn coins
- Get TAMA in battles with Doge’s pets
- Sealed Supply of 2 Billion, Token Burn
- Presale collected 19 million dollars in two months
- Upcoming ICO by LBank, Uniswap
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