Bitcoin Price Weekly Update: 27th January – 2nd February 2020

This week we expect more from bitcoin. I guess we all took profits from the previous bull run, even though it was short. We must be cautious and steady in our analysis of this great asset. Bitcoin price reached $9,183 again yesterday before facing another resistance. We might have a short pullback before the trend continuation. This means we might retest our support, $8,714 before the next climb.
Looking at the technical indicators:   
    • Major Support Level – $8,714
    • Major Resistance Level – $9,183

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.

 

Leave a Reply

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