BTC Spikes Above $22,000 Level; TAMA More Preferable

The Bitcoin price prediction shows that BTC is trading at $22,334 as the coin seems to be preparing for another upward movement.

Bitcoin Prediction Statistics Data:

  • Bitcoin price now – $22,334
  • Bitcoin market cap – $427.7 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: $26,000, $28,000, $30,000

Support Levels: $19,000, $17,000, $15,000

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BTC/USD is trading towards the upper boundary of the channel at $22,334 as the coin prepares to gain additional bullish movement. Today, the first digital asset is likely to extend towards the resistance level of $23,000 if the bulls put more pressure on the market.

Is $25k Resistance Coming for BTC as TAMA Heads to the North?

At the time of writing, the Bitcoin price is hovering above the 9-day and 21-day moving averages, any further bullish movement above the resistance level of $25,000 may locate the potential resistance levels at $26,000, $28,000, and $30,000. However, when the new uptrends are gathering, traders may use the moving averages as a pivot resistance point to gauge the strength of the trend. Therefore, if BTC/USD continues to soar towards the upper boundary of the channel, this could be a sign of sustainability and could result in a bullish continuation.

On the contrary, if the BTC price fails to move up; traders may see a price cut towards the lower boundary of the channel, and a further low could bring the price to the support levels at $19,000, $17,000, and $15,000 respectively. As it stands now, the Bitcoin price is likely to rise as the technical indicator Relative Strength Index (14) moves to cross above the 60-level.

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

According to the 4-hour chart, the Bitcoin price continue to move sideways for the past few days and the bulls are trying to come back into the market by keeping the market price above the 9-day and 21-day moving averages. If not, the support level of $21,000 and below may come into focus.

BTCUSD – 4-Hour Chart

However, suppose the bulls keep the market above the 9-day and 21-day moving averages. In that case, traders may expect a touch of the $23,000 resistance level, and breaking this level may further push the price towards the resistance level of $24,000 and above as the technical indicator Relative Strength Index (14) moves within the overbought region, suggesting bullish movement.

The Tamadoge team said that the move aims to make investing in TAMA easy and safe. These users can be confident in transferring fiat into crypto, hence the need for Tamadoge to secure this deal with Transak. One of the strongest pillars of any project in the web 3.0 & crypto sector is having a solid team to see the project succeed. The TAMA website has revealed Thomas Seabrook as the Tamadoge lead developer and Carl Dawkins as the head of growth. The other members of the Tamadoge team include Neil Palethorpe and Siphamandla Mjoli, who have joined as the Senior Interaction Designer and the Senior Blockchain Developer, respectively.

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