BTC stabilizes above the $21,000 level, TAMA jumps north

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The Bitcoin price forecast shows that BTC is trading at $21,293, as the coin seems to be preparing for another upward move.

Bitcoin Forecast Statistics Information:

  • Bitcoin price now – $21,293
  • Bitcoin market value – 407.6 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: $25,000, $27,000, $29,000

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

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BTC/USD is trading above the 9-day and 21-day moving averages at $21,293 as the coin prepares to make further highs. If the bulls put more pressure on the market, the first digital coin could extend to the $22,000 resistance level at the time of writing this.

Bitcoin (BTC) crosses above $21,500; Tamadoge (TAMA) more preferred

Bitcoin price is currently trending higher, any further bullish move towards the upper border of the channel could find resistance at $25,000, $27,000 and $29,000. Traders can often use moving averages to gauge the strength of a trend when new trends emerge. However, if BTC/USD rises to the upper boundary of the channel, this could be a sign of sustainability, and possibly a bearish continuation.

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In addition, if the price of Bitcoin fails to move up; Traders can see a price drop below the lower limit of the channel, and further lower prices can bring the price to the support levels at $17,000, $15,000 and $13,000. But as you can see, the price of Bitcoin can go higher when the technical indicator Relative Strength Index (14) is going to cross above the 60-level.

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

According to the 4-hour chart, the market is following a sideways movement above the 9-day and 21-day moving averages. If not, the grant level may be $20,000 or less.

BTCUSD – 4-hour chart

But suppose the bulls push the market above the channel. In this case, traders can expect a retest of the resistance level of $22,000, breaking this level can cause the price to reach the resistance level of $23,000 and above, because the technical indicator Relative Strength Index (14) remains in the overbought region, which indicates A sign of failure.

Tamadoge is combining the fun of Tamagotchi with game-winning mechanics through NFT technology applied to gaming. Earlier this week, the project completed its sixth phase where the price of the coin was traded from 1 USDT to 44 TAMA. The price has increased, buying 1 USDT 40 TAMA. There will be nine token sales at every level, the price will increase with each level. 711 million tokens have been sold so far out of a total of 1 billion offered in the presale, out of a total supply of 2 billion.

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