Bitcoin Price Weekly Update: 26th October – 1st November 2020

by | Oct 26, 2020 | News | 0 comments

We are glad bitcoin is beginning to pick up again. As it is now bitcoin price should move higher than its present price, $13,173. 
Last week we envisaged that bitcoin will reach $12,000, but expected it to exceed our target. We have indeed exceeded $12,000.
Bitcoin is not only in a bullish trend but indeed in a strong uptrend. Bitcoin retest is present now but we expect the MACD cross to happen soon as is our strategy.
The present support is $12,812, but it’s necessary to watch carefully as $11,988 might be retested.
For this week, our target is $13,958 after our next breakout occurs.

Looking at the technical indicators:

    • Major Support Level – $12,812
    • Major Resistance Level – $13,173

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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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.