BTC Risks Fresh Drop as TAMA Experiences Inevitable Growth



Join Our Telegram channel to stay up to date on breaking news coverage

The Bitcoin price prediction reveals that BTC is yet to gain strength above the moving averages as the coin moves in sideways.

Bitcoin Prediction Statistics Data:

Bitcoin price now – $23,000
Bitcoin market cap – $383.2 billion
Bitcoin circulating supply – 19.1 million
Bitcoin total supply – 19.1 million
Bitcoin Coinmarketcap ranking – #1

BTC/USD Long-term Trend: Ranging (Daily Chart)

Key levels:

Resistance Levels: $23,000, $25,000, $27,000

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

BTC Risks Fresh Drop As TAMA Experiences Inevitable Growth
BTCUSD – Daily Chart

Buy Bitcoin Now

Your capital is at risk

After another failure to stay above the $20,000 level; BTC/USD remains below the 9-day and 21-day moving averages. The Bitcoin price could begin another decline if bulls failed to push it above the moving averages. At the opening of today’s trading; the king coin touches the resistance level of $20,205, but any further bearish movement may bring the coin to the bearish zone.

Bitcoin (BTC) May Head to the South, Buyers Prefer Tamadoge (TAMA)

As the Bitcoin price hovers below the moving averages, crossing below the lower boundary of the channel may increase the selling pressure below the $19,000 level. More so, if there are more losses, the price could break the major supports at $17,000, $15,000, and $13,000. Meanwhile, the technical indicator Relative Strength Index (14) moves below the 40-level to increase the bearish movement.

Punt Crypto Casino Banner

On the other hand, if the king coin crosses above the 9-day and 21-day moving averages; it could begin a bullish movement and the main resistance could be located around the $20,500 level and a clear break above this level may push the price towards the resistance levels of $23,000, $25,000, and $27,000.

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

According to the 4-hour chart, the coin may gain lost momentum if the coin break above the upper boundary of the channel. At the moment, the volatility still hovers, and the selling pressure still exists, this could lead the coin to the downside. Meanwhile, the $19,000 and below may come into play if BTC breaks toward the lower boundary of the channel.

BTCUSD – 4-Hour Chart

However, if the buyers can reinforce and power the market, traders can expect a retest at a $20,000 resistance level, and breaking this level may further allow the bulls to reach the resistance level of $21,000 and above. The Relative Strength Index (14) is moving to cross above 50-level, which shows that more bullish signals may play out.

Tamadoge will give everyone the ability to mint the doges they want to, and will allow users to breed, train and battle their Tamadoge NFTs to top the leaderboard every single month. Over time the Play-to-Earn opportunities will be expanded to include augmented reality experiences, allowing your NFT to play with its friends in the Tamaverse. Tamadoge isn’t just the future of the Doge ecosystem, it’s the future of Play-to-Earn.

Tamadoge – Play to Earn Meme Coin

Tamadoge logo
Earn TAMA in Battles With Doge Pets
Capped Supply of 2 Bn, Token Burn
NFT-Based Metaverse Game
Presale Live Now –
Tamadoge logo


Join Our Telegram channel to stay up to date on breaking news coverage


Source link

You might also like
Leave A Reply

Your email address will not be published.