Bitcoin Price Weekly Update: 23rd November – 29th November 2020

Bitcoin has attracted so many investors and the price has skyrocketed to the moon and we seem to be moving towards the end of the momentum.
Will Bitcoin price continue upwards or reverse? 
Bitcoin price has risen to $19,000 and rested on the new support $18,371. It’s expected to move to the new high of $19,812, but a reversal pattern has formed and we expect that bitcoin will reverse a bit. 
The reversal might be short and towards the $15,850, nevertheless, we must observe what the market wants to do first before staking our next entry.
Bitcoin should move to the upside if the MACD moving average cross occurs, but this will be a short upward move. Great care should be taken for those who want to buy bitcoin now so you don’t buy at a loss.


Looking at the technical indicators:
    • Major Support Level – $18,371
    • Major Resistance Level – $19,000

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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