Who is going with the Amazon giant?  This week might be the moment we have been waiting for as bitcoin price might break the present resistance.

If you flashback, last week bitcoin price got stopped out while it was trying to climb above $7,688. Now bitcoin price found support on the 200EMA and bounced back towards the resistance.

The question is will bitcoin price cross the present resistance and skyrocket?

Well, we can only use analysis to give us more predictions.

As we usually do, the MACD cross seems to be coming up. This should be our confirmation.

• • Major Support Level – $7,392
  • Major Resistance Level – $7,688

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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.