BTC Fights for $19K Resistance, TAMA Keeps Trending

The Bitcoin price prediction shows that BTC is following the bullish movement as the king coin heads to the upside.

Bitcoin Prediction Statistics Data:

  • Bitcoin price now – $19,194
  • Bitcoin market cap – $368.4 billion
  • Bitcoin circulating supply – 19.1 billion
  • Bitcoin total supply – 19.1 billion
  • Bitcoin Coinmarketcap ranking – #1

BTC/USD Long-term Trend: Ranging (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 potential resistance level of $19,000 as bulls need to keep the price above the 9-day moving average before heading to the 21-day moving average. However, the Bitcoin price could move with strong bullish momentum after a sustainable break above an important resistance level.

Bitcoin (BTC) Heads to the North as Tamadoge (TAMA) Looks Beautiful

Looking at the daily chart, the technical indicator Relative Strength Index (14) is moving above the 40-level as the bulls appear to push the Bitcoin price towards the upper boundary of the channel. Moreover, the Bitcoin price seems to be struggling around the 9-day MA, suggesting that BTC/USD could retreat a little bit, before attempting to break higher again.

On the upside, the $19,300 level aligns with the initial resistance. A daily close above this could lift the price to the resistance levels of $23,000, $24,000, and $25,000. In other words, Bitcoin could retreat and slide below the lower boundary of the channel, currently located at $19,194. However, if it breaks below the channel, the critical supports may be located at $16,500, $15,500, and $14,500 respectively.

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 moves to cross above the upper boundary of the channel which could hit the resistance level of $20,000 and above. But the Bitcoin market is likely to be range-bound around the moving averages while the buyers keep the position intact

BTCUSD – 4-Hour Chart

However, the Relative Strength Index (14) shows that BTC price may follow the upside as the signal line crosses above the 50-level. On the contrary, if the coin decides to cross below the 9-day and 21-day moving averages; the support level of $18,000 and below may be located.

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