BTC Targets $22,000 Resistance But Tamadoge Stands Firm at the Upside



The Bitcoin (BTC) manages to maintain its position as the coin moves to touch the resistance level of $21,550.

Bitcoin Prediction Statistics Data:

Bitcoin price now – $25,000
Bitcoin market cap – $409.3 billion
Bitcoin circulating supply – 19.1 million
Bitcoin total supply – 19.1 million
Bitcoin Coinmarketcap ranking – #1

BTC/USD Market

Key Levels:

Resistance levels: $25,000, $27,000, $29,000

Support levels: $18,000, $16,000, $14,000

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BTC/USD undergoes a much-needed break to the positive side as the market opens today after touching the daily low at $20,889. The Bitcoin price is currently posting gains of over 0.18% within the chart, with the coin aiming to head towards the 9-day and 21-day moving averages.

BTC Could Move to the Upside while Tamadoge (TAMA) Moves Bullishly

The Bitcoin (BTC) price resumes back in the middle of consolidation after a slight drop towards the lower boundary of the channel. The market price now rebounds and moves toward the north. Meanwhile, the $22,000 resistance level is likely to come to play and the Bitcoin price may look for higher price levels if the bulls show commitment.

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At the time of writing, the market displays a sign of subduing volatility with choppy price action. If the Bitcoin price decides to stay under the control of bears, the price may roll back to the previous supports at $18,000, $16,000, and $14,000 below the channel. On the upside, traders can expect the next resistance levels at $25,000, $27,000, and $29,000. In addition, the technical indicator Relative Strength Index (14) is likely to cross above the 40-level, which indicates that bullish movement may play out.

On the 4-hour chart, the Bitcoin price is crossing above the 9-day and 21-day moving averages in other to reach the nearest resistance level of $22,000. Unless the coin moves above the upper boundary of the channel, and the price ends up closing above $22,000, there might not be any reason to expect a long-term bullish reversal.

However, crossing below the moving averages could refresh lows under $21,000, and a possible bearish continuation may likely meet the critical support at $20,000 and below while the buyers may push the coin to the potential resistance level of $24,000 and above as the technical indicator Relative Strength Index (14) moves to cross above the 50-level, suggesting more bullish signals.

BTCUSD – 4-Hour Chart

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