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

by | Aug 18, 2020 | News | 0 comments

Bitcoin is moving greatly to the upside as we expected. 
Last week bitcoin price was trapped within consolidation and we expected a great push above the top levels but it happened this week.
Bitcoin has hit the anticipated $12,000 and is still moving to the upside. We expect it to move to the next target of $12,824.
What we expect to see is a movement to the upside but there should be a pullback to the previous resistant which is $11,988 before a continuation to the present target.
Also, don’t forget to ensure that the MACD cross is still in place before placing your entry. 

Looking at the technical indicators:    

    • Major Support Level – $11,465
    • Major Resistance Level – $11,987

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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Leke Kayode
I'm an aircraft engineer and mechanical engineer by qualification. By profession I'm an I.T professional, forex trader and cryptocurrency trader. Derive joy impacting people.