A warm welcome to a new week of hope and a good prospect to all bitcoin investors. The expected glory climb of bitcoin price is pretty much at hand.
Indeed bitcoin as the giant in the crypto space never seizes to surprise us with awesome movements. Last week we expected a fall to $29,000 and yet the impending support level at $30,921 has really made the price have a rethink on its downward movement.
As it stands now bitcoin in itself is seeing more investors who are willing to push the price higher. Though we cannot ascertain the beginning of the new uptrend until the price breaks resistance level at $40,855 and makes a restest; then more investors will have room to join the spike making it safer and healthier for us to join the trend.
After the cross of price above $40,855, then we wait for a retest and use our usual MACD cross for better breakout entries.
Looking at the technical indicators:
- Major Support Level – $34,018
- Major Resistance Level – $40,855
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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.