Bitcoin Price Weekly Update: 16th December – 22th December 2019

Bitcoin price is not moving as expected. Last week we envisaged a climb after the price retests the white trend line. Instead the trendline did not hold the price. We are presently in a downtrend and may remain there for a while. Bitcoin price has presently broken support $6,898 and should still move down further. Looking at the MACD, we can see that we are having a downward breakout. This will require we avoid traingfor now has bitcoin price may still dive further.
Looking at the technical indicators:   
Major Support Level – $6,898
Major Resistance Level – $7,324

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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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