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

A new week in the bitcoin chart is shown that the week is going to be very good as bitcoin approaches new highs.
It’s not news anymore of speculations that bitcoin price will hit a million dollars by 2030. Could this be the rise we have all been waiting for?
Traders are moving in with the buys and big investors are pushing funds into the bitcoin market. Nevertheless, we must not forget that this spikes are only temporary, so every trader must trade circumspectly so to avoid huge losses they might never recover from.
As it as always been, the MACD moving average cross is tending upwards and we should expect a good climb soon. Our expected target for the incoming breakout is $17,119. 
Certainly, bitoin price is prepared to hit $20,000 again just as the high of last year, 2019.


Looking at the technical indicators:
    • Major Support Level – $15,850
    • Major Resistance Level – $17,119

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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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