Bitcoin Price Weekly Update: 28th September – 4th October 2020

by | Sep 29, 2020 | News | 0 comments

This week bitcoin price continues to consolidate following last week’s pattern. 
Can bitcoin price touch $12,000 before September winds up? Why has bitcoin not moved up so far?
These questions are certainly in your mind and I believe in every trader’s mind.
Certainly, bitcoin will hit $12,000 again and even shoot over, but certainly not this month. Let’s have an outlook.
Bitcoin has been in a retracement from the previous bull run and is trending towards another breakout which could either be bullish or bearish. 
The 200 moving average has held price around it for weeks now, the MACD histogram has been short signifying a momentum buildup.
Price now sits between $10,773 and $9,987 and is able and may exceed this range soon. Yet our breakout level to the upside remains $11,138 before our next entry.

Looking at the technical indicators:

    • Major Support Level – $9,987
    • Major Resistance Level – $10,773

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.