Bitcoin is moving in the best direction for does who want to get in newly. We hope the week will bring us new gains.
Last week we expected bitcoin to reach the previous high. Though bitcoin made a climb but couldn’t touch the previous high. This sideways movement shows signs of a reversal in bitcoin price.
Buying bitcoin now isn’t advised as lots of things may take another turn, even though this is speculative.
A resistance level was formed at $58,751 and a double top also formed at that level. 
If the $56,759 level breaks, then bitcoin price should move lower. On moving lower, bitcoin price should touch $51,207 again.

Looking at the technical indicators:

• • Major Support Level – $56,236
  • Major Resistance Level – $58,751

Our Recommended Exchanges for placing Crypto Trades

for USD/BTC:

• • • Binance (Visit Site)   (Read Review)

for Naira/BTC: 

• • • Quidax (Visit Site)   (Read Review)
    • Luno   (Visit Site)   (Read Review)

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.