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BTC Fights for $19K Resistance, TAMA Keeps Trending

BTC Fights for $19K, TAMA Keeps Trending

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Bitcoin price forecast shows that BTC is following an uptrend while the king coin is trending upwards.

Bitcoin Prediction Stats:

  • Bitcoin price now – $19,194
  • Bitcoin market cap – $368.4 billion
  • Bitcoin circulating supply – 19.1 billion
  • Total supply of Bitcoin – 19.1 billion
  • Bitcoin Coinmarketcap Ranking – #1

BTC/USD Long Term Trend: Fluctuating (Daily Chart)

Key levels:

Resistance levels: $23,000, $24,000, $25,000

Support levels: $16,500, $15,500, $14,500

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BTC/USD is seen pushing the market price above the $19,000 potential resistance level as the bulls need to hold the price above the 9-day moving average before heading towards the 21-day moving average. However, the price of Bitcoin can move with a strong upward momentum after a lasting break above an important resistance level.

Bitcoin (BTC) heads north as Tamadoge (TAMA) looks pretty

Looking at the daily chart, the technical indicator Relative Strength Index (14) is moving above the 40 level as the bulls appear to be pushing the price of Bitcoin towards the upper limit of the channel. Additionally, Bitcoin price seems to be struggling around the 9-day MA, suggesting that BTC/USD could pull back a bit before trying to rally again.

On the upside, the $19,300 level is in line with initial resistance. A daily close above this could push the price towards the $23,000, $24,000 and $25,000 resistance levels. In other words, Bitcoin could pull back and slide below the lower limit of the channel, which is currently at $19,194. However, if it breaks below the channel, critical supports could be located at $16,500, $15,500 and $14,500.

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

According to the 4-hour chart, BTC/USD is currently trading above the 9-day and 21-day moving averages as the coin breaks above the upper limit of the channel, which could hit $20,000 and above. But the Bitcoin market is likely to fluctuate around the moving average, while buyers hold the position

BTCUSD – 4 Hour Chart

However, the relative strength index (14) shows that the BTC price may follow an increase when the signal line crosses the 50 level. Conversely, if the coin decides to cross the 9-day and 21-day moving averages; a support level of $18,000 or less may be.

OKX (formerly OKEx) is a centralized exchange (CEX) that also has its own DEX where Tamadoge is also traded – for those who cannot register with OKX depending on their country of residence. The DEX listing will take place at 17:00 UTC, also on the 27th.

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  • Limited Supply of 2 Billion, Token Burn
  • Advance sales raised $19 million in less than two months
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