Bitcoin Price Weekly Update: 16th March – 22nd March 2020

Hope this week has been productive for all. As we expected the price of bitcoin is fast crashing. This calls for serious caution. Several individuals are talking of the sudden drop in bitcoin price which is as a result present pandemic all over. Bitcoin dropped to $3,789, then gained a bit of balance on support $4,913 before retesting $4,407 and then back to $4,913. Please try not to trade bitcoin for now. More dips are yet to come as we maintain the downtrend. Bitcoin has lost $52% in just a week. As investors are channeling their funds elsewhere.
Looking at the technical indicators:   
    • Major Support Level – $4,913
    • Major Resistance Level – $5,583

Our Recommended Exchanges for placing Crypto Trades

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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