Bitcoin Price Weekly Update: 30th September – 6th October 2019

Welcome to a bearish bitcoin week. We have come this far to retrace our steps. Basically, a lot of misconceptions about the next bearish trend and when it will occur. Well, I can categorically tell you that the era is at hand. Bitcoin price has dropped below the 200 EMA which signifies the golden cross. Any movement henceforth is decleared bearish. Sometimes a lot of persons don’t know they can still capitalize on the bearish trend, though it’s best to be experienced in trading in order to avoid heart-breaking losses. Bitcoin price has dropped on $7,637 support and is restricted by $8,271. What we can do now is hope, but nonetheless, bitcoin price will still drop further.
Looking at the technical indicators:     
Major Support Level – $7,637
Major Resistance Level – $8,271

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.

1 thought on “Bitcoin Price Weekly Update: 30th September – 6th October 2019”

Leave a Reply

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