Bitcoin Price Weekly Update: 17th – 23rd February 2020

A happy new week to everyone. I hope we are happy with bitcoin price increase so far. It was expected that bitcoin will increase a great deal and as we anticipated it did. We must be cautious of our stakes. Now, bitcoin price hit $10,378 as we predicted last week and then got a rejection. This rejection may be short before the next spike, but nonetheless, we expect our next upward move to begin from $9,526. As our custom is, we wait for the next MACD upward cross which may take place soon. When this happens we should touch $10,378 again, yet no guarantee of bitcoin price surpassing this level.
Looking at the technical indicators:   
    • Major Support Level – $9,526
    • Major Resistance Level – $10,166

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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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