BTC Slumps Below $19,000; TAMA is now sold out!

The Bitcoin (BTC) price sees a 4.93% decline over the past few hours as the cryptocurrency fails to $18,255 support.

Bitcoin Prediction Statistics Data:

  • Bitcoin price now – $18,457
  • Bitcoin market cap – $353.6 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: $22,000, $24,000, $26,000

Support Levels: $16,000, $14,000, $12,000

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BTC/USD loses its momentum after touching key resistance above $19,516. As of writing, the pair is down 4.93% on the day at $18,459 below the 9-day and 21-day moving averages. Meanwhile, Bitcoin (BTC) may struggle to close above $19,000 and if it does, it should be free to rise well above $20,000 if it moves in the next positive direction.

Can Bitcoin Price Trade Above $19,000? Tamadoge is sold out!

After a slightly positive move above $19,500, the Bitcoin price is sliding below the 9-day and 21-day moving averages. Over the past few days, the king coin is likely to break below the lower boundary of the channel. Moreover, in today’s session, the coin attempted to push higher, but the sellers step in and start bringing the coin lower to touch the daily low of $18,255.

Moreover, if the coin moves lower, the $18,000 may serve as the nearest support level, which may likely make room for the coin to fall further to hit the supports at $16,000, $14,000, and $12,000. The Relative Strength Index (14) nosedives below 40-level indicate a downward movement. On the contrary, BTC/USD could push higher to see the resistance levels of $22,000, $24,000, and $26,000.

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

On the 4-Hour chart, the BTC price hovers around $18,692 and could take time to cross above the 9-day and 21-day moving averages. More so, if the bulls gather enough strength, the upward movement may be able to near the resistance levels of $20,500 and above.

BTCUSD – 4-Hour Chart

On the downside, immediate support could be located around the $18,000 level while the critical support is at $17,000 and below. Therefore, the Bitcoin price may likely fall towards the lower boundary of the channel if the bears put more pressure on the market, More so, the Relative Strength Index (14) moves to cross above the 30-level, suggesting a bullish movement.

Tamadoge, an ERC-20 token, will also have its initial DEX offering (IDO) on Uniswap. TAMA is set to list at a price of $0.03. As the Tamadoge presale sold out earlier than expected, the team is reportedly moving forward with all TAMA crypto exchange listings to take place in the coming days.

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