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

Bitcoin boom is indeed great. Bitcoin touched $61,800 and is planning on exceeding this new high. We expect the price to move higher soon.
We take it to heart that $53,722 is the new support level that the price is resting on. We expect it to move to the next high hopefully this week.
$the previous high, $58,000 may not hold for long for the movement of the new high. 
The MACD moved to the oversold region with the histogram showing an impending change of direction of the trend.
At the cross of the MACD moving averages to the upside is the new uptrend movement. 


Looking at the technical indicators:
    • Major Support Level – $53,722
    • Major Resistance Level – $61,800

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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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