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The Bitcoin price forecast shows that BTC will rise in the first hours of today, but it was rejected when the market touched the low of 18 666 dollars.
BTC/USD Long Term Trend: Level (Daily Chart)
Key steps:
Resistance levels: $22,000, $24,000, $26,000
Support levels: $17,000, $15,000, $13,000
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If the bears force the king coin to bow to new losses, BTC/USD may start to follow a bearish move. At the time of writing, Bitcoin (BTC) is changing hands at $19,068 after correcting the resistance level of $19,949 which is the high of the day. Moreover, if the price crosses below the lower limit of the channel, the price of Bitcoin may be vulnerable to losses.
Bitcoin (BTC) price may fall again as Tamadoge (TAMA) strengthens.
Bitcoin Price From a technical angle, the market price may follow the downtrend or continue to move sideways as bullish activity is no longer visible. However, if the technical indicator relative strength indicator (14) falls below the 40-level, it can confirm bearish activity.
Moreover, bulls are currently banking on the lower boundary of the channel, which, despite the reversal, will ensure that Bitcoin price stays above this barrier. Any bearish move below this bearer could touch the recent $18,000 support and could cause the coin to reach critical supports at $17,000, $15,000 and $13,000. Following the upward move, if the coin crosses above the 9-day and 21-day moving averages; It may hit potential resistance levels at $22,000, $24,000 and $26,000.
BTC/USD Medium Term Trend: Level (4H Chart)
The 4-hour chart shows that Bitcoin price has crossed below the 9-day and 21-day moving averages, and the bears are likely to return to the market, while the bulls are trying to defend the $19,000 support. If not, a support level of $17,500 and below could be in play if the coin focuses on a downward movement.
Moreover, buyers can regroup and capture the support of $19,000, once this is done, traders can expect movement to the upper border of the channel, which can push the king coin to the resistance levels of $20,000 and above. Meanwhile, the technical indicator Relative Strength Index (14) is trending down, indicating continued bearish activity.
Tamadoge, an ERC-20 token, will also have an initial DEX offering (IDO) on Uniswap. TAMA is set to list at $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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