Bitcoin Price Weekly Update: 15th February – 21st February 2021

Bitcoin price exceeded the $50,000 mark for the first time in history and investors are still coming in for more stakes.
Buying bitcoin now maybe a little risky because it’s gone to the moon already. 
From an analysis point of view, just right at the $50,000, there is a price rejection and bitcoin price is showing some sign of weakness. 
The imminent divergence which is a disparity between price and MACD also serves as a confirmation of a possible downward toll.
Probability should be that price will retest $40,918 or $44,000 level.


Looking at the technical indicators:
    • Major Support Level – $40,918
    • Major Resistance Level – $47,500

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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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