Bitcoin Price Weekly Update: 27th July – 2nd August 2020

by | Jul 27, 2020 | News | 0 comments

A beautiful week as bitcoin has made everyone smile to the bank. In case you missed the move you can still partake by maximizing the next pullback.
Bitcoin price is now fully bullish and we should only look out for bullish setups.
The trend moved to the upside after breaking the 2weeks consolidation. This zones held the buyers and sellers for over a month.
This week we expect that bitcoin will continue to the upside and touch higher highs.
Before the next possible entry, we need to see a pullback which is accompanied with a MACD downwards cross before we have or next MACD upwards cross as a confirmation of a continuation to the upside.

Looking at the technical indicators:    

    • Major Support Level – $9,785
    • Major Resistance Level – $10,220

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.