Bitcoin Price Weekly Update: 30th November – 6th December 2020

There is no way bitcoin won’t give an edge to the present inflation all around. Bitcoin price has unimaginably tested the hands of time and has proven to be the way out. 
Last week we saw a bearish regular divergence; which means that bitcoin price was ready to move downwards and we expected it to drop to $15,850 before retracing it steps back upwards.
Bitcoin price did move up and now we have a retracement to our previous target of $19,812.
Though price touched the expected target, $19,812, it’s bounded by the resistance $19,428. 
For this week we look to see how bitcoin plays out as exhaustion is getting into the market even though some strong buyers are sitting at $16,453. 
Before we can envisage our next bullish (upward move). We expect to see our MACD cross downwards and then back upwards within the bullish MACD region (above the MACD zero mark).
Be careful this period how you buy bitcoin so you don’t get left in the cloud as price dives.


Looking at the technical indicators:

• • Major Support Level – $18,371
  • Major Resistance Level – $19,428

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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.