Bitcoin Price Weekly Update: 19th April – 25th April 2021

Bitcoin price got a huge drop and this may have left many investors in the red zone.
This week we expect bitcoin to climb a bit even though we fear that it might not reach its new overall high, $64,000.
The present bitcoin chart shows that there might be a reversal soon. Even as this is speculation, every stake should be guarded jealously so the fall does not swing you along.
There was a huge rejection when the price touched $51,207 because the climb to $64,000 was initially supported by this level; so to break this level lower will require quite an amount of investors selling their stakes.
Presently, bitcoin price has failed to push above the 200EMA and this might also mean the beginning of the downtrend. 


Looking at the technical indicators:
    • Major Support Level – $56,236
    • Major Resistance Level – $53,722

Our Recommended Exchanges for placing Crypto Trades

for USD/BTC:for Naira/BTC: If you have any questions, leave them 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.

 

1 thought on “Bitcoin Price Weekly Update: 19th April – 25th April 2021”

  1. Hi
    Am a regular reader of your post here on Telegraph, just need your opinion on btc bear been experienced lately, is it advisable for one to sell off now considering the frequent down trend in the market now.

    I honestly wait for your response, thanks

    Reply

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.