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BTC May Retrace Above $20,000; TAMA is rated a BUY

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The Bitcoin price prediction shows BTC moving from the opening price of $18,876 as the buying interest increases.

Bitcoin Prediction Statistics Data:

  • Bitcoin price now – $19,167
  • Bitcoin market cap – $369.4 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: $16,000, $14,000, $12,000

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BTC/USD is moving sideways as the coin establishes a cross above $19,000 but currently rebounding to retest previous resistance at $19,500. The buyers may continue to look for some resistance levels by crossing above the 9-day and 21-day moving averages on their way to the upper boundary of the channel and the path of least resistance appears to the upside in the near term amid a favorable bullish technical setup.

BTC Price May Reclaim $20,000 Level; TAMA is rated a BUY

In the past few hours, after the Bitcoin price begins the upward movement, the king coin is now facing the resistance level of $19,500 and looking forward to reclaiming the resistance level of $20,000. However, if the bulls push the king coin above the moving averages, this will confirm the next direction that the coin will follow.

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At the time of writing, the technical indicator Relative Strength Index (14) remains above the 40-level to indicate a bullish movement. Therefore, if the Bitcoin price crosses above the moving averages, it could hit the resistance levels of $23,000, $25,000, and $27,000 but any movement towards the lower boundary of the channel could hit the supports at $16,000, $14,000, and $12,000.

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

According to the 4-hour chart, the Bitcoin price is likely to cross above the 9-day and 21-day moving averages as the technical indicator Relative Strength Index moves close to 50-level. From above, if the Bitcoin price crosses above the moving averages, the bullish influence could spike and the accrued gains massively. 

BTC May Retrace Above $20,000; TAMA is rated a BUYBTC May Retrace Above $20,000; TAMA is rated a BUY
BTCUSD – 4-Hour Chart

However, the current candle could retreat below the moving averages and may target the support level of $17,500 and below but the best the bulls can do is to hold above the resistance level of $19,500 and keep their attention on breaking the potential resistance at $21,500 and above.

Tamadoge, an ERC-20 token, will also have its initial DEX offering (IDO) on Uniswap. TAMA is set to list at $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.

Tamadoge – Play to Earn Meme Coin

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  • Earn TAMA in Battles With Doge Pets
  • Capped Supply of 2 Bn, Token Burn
  • Presale Raised $19 Million in Two Months
  • Upcoming ICO on LBank, Uniswap
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  • Source: https://insidebitcoins.com/news/btc-may-retrace-above-20000-tama-is-rated-a-buy

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