Bitcoin Price Weekly Update: 12th April – 18th April 2021

Happy days as we start the new week with a bullish mark on the bitcoin chart. The expectations of last week have now been reached this week.
If you didn’t catch the trend earlier it’s not best to just jump right in. Best to check lower timeframes for better entry. This week we expect bitcoin to reach $70,000 as the market volume increases.
The present price is $62,500 and should push higher before retesting level $61,265 and making it support before the next up-run.
Also watch the MACD next downwards cross before taking the next upward trend.


Looking at the technical indicators:
    • Major Support Level – $58,751
    • Major Resistance Level – $61,265

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for USD/BTC:for Naira/BTC: If you have any questions, leave them in the comment section below. Disclaimer: This article is in no way a financial advisor for your trading. Any action taken in this regard is done at your own risk. Nigerian Bitcoin Community is not liable for any loss or gain as a result of the application of this content. We advise you to do your own research.

 

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