Bitcoin Price Weekly Update: 18th November – 24th November 2019

by | Nov 18, 2019 | News | 0 comments

Welcome to a new week for bitcoin update. Last week we predicted a drop in bitcoin price and it did happen.

We had a bearish move that is still ongoing. Bitcoin price dropped below the previous support and is heading to the next support.

Volatility is presently low and we could see a spike soon either up or down.

The previous bearish channel (green parallel lines) is still active and not yet broken so we should expect another drop to $7,783. Note that $7,783 is still major support.

On the contrary, if bitcoin breaks the bearish channel and resistant $8,714, then a bullish spike is set to start.

Looking at the technical indicators:   
Major Support Level – $7,783

Major Resistance Level – $8,714

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.