Bitcoin Price Weekly Update: 28th December 2020 – 3rd January 2021

Bitcoin price is at the top rise. We should see a little drop this week though. 
It’s unbelievable how bitcoin price shot to the moon and now we hit an all-time high of $28,000. It’s best to understand market movements.
Bitcoin’s market cap also increased and this might mean a sustainable high price. 
The market price is set for a retest of the $24,000 level. Though this speculation is relative to the cross of the MACD cross to the upside.
As the custom is, bitcoin price tends to retest as the year wind up so it’s necessary to take caution with your investments.
At level $28,000 there is a huge price rejection which is accompanied by a MACD downwards cross.
This indicates that caution should be taken when making this decision.

Looking at the technical indicators:
    • Major Support Level – $24,000
    • Major Resistance Level – $28,000

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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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