Bitcoin Price Weekly Update: 26th August -1st September 2019

by | Aug 27, 2019 | News | 0 comments

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

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.


Have something to say? Drop it here!

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


Leke Kayode
I'm an aircraft engineer and mechanical engineer by qualification. By profession I'm an I.T professional, forex trader and cryptocurrency trader. Derive joy impacting people.