Bitcoin Price Weekly Update: 21st December – 27th December 2020

As it’s no longer news of bitcoin’s skyrocketing, it has indeed made a mark in the crypto industry and bitcoin price have exceeded the $20,000 bench mark.
Undoubtedlessly, bitcoin is moving up but there isn’t any guarantee of this new level been sustained. 
It is best to be more conservative now has bitcoin price has hit $24,000.
Bitcoin price is on a support at $22,428 and might break this level soon.
The market is giving a dive been though some investors are coming in. Buying bitcoin now might be a huge risk as so many investors might be taking profit soon and this may cause the price to reverse.
Looking at the MACD, the price has made a downward cross and may drop further to $20,000.


Looking at the technical indicators:
    • Major Support Level – $22,428
    • Major Resistance Level – $24,000

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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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