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.

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ABOUT ME

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.