Bitcoin price has sustained a range for about 2weeks now. Basically, a lot of rumors have gone out of the next bitcoin pump, but it has been ranging within $10,378 and $9,937. There is no guarantee of the next move of bitcoin, but we believe it should take a short spike above $10,378. The present bearish trendline has formed a resistance so far but it has been broken to the upside, but yet still limited by the resistance at $10,378. The next upward move will require $10,378 to be surpassed.
What To Expect This Week
It is best to await the break of the $10,378 before any entry is considered. An appropriate target is $10,900, and then $11,478. Be patient and let the trade come to you.
Looking at the technical indicators:
Major Support Level – $9,937
Major Resistance Level – $10,378
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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.