Bitcoin Price Weekly Update: 14th December – 20th December 2020

Bitcoin price is gaining momentum again. This week could be the moment we’ve all been waiting for. 
Last week we expected a deep dive in bitcoin price as we moved lower but we see that price tested $17,435 and bounced up again and it’s heading towards our previous high and resistance, $19,812.
The big question now is if bitcoin price will surpass $20,000.
The truth is that it’s a probability, but the chances are more as we see a strong momentum buildup towards $19,812.
On the daily chart, there is bullish hidden divergence formation. This connotes the continuation of the uptrend. 
The MACD histogram on the 4hr chart also shows a new build-up of uptrend momentum.


Looking at the technical indicators:
    • Major Support Level – $18,292
    • Major Resistance Level – $18,292

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for USD/BTC:for Naira/BTC: If you have any questions, leave it 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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