Bitcoin Price Weekly Update: 3rd – 9th February 2020

A great week and a great month have started with bitcoin. Bitcoin is priced highly now and we will still see more gains. Last time we hit $9,183 and had a little recess before plunging above $9,183. We are presently in a consolidating market. The market is ranging between $9,183 and $9,600 and the MACD still shows an uptrend. This is the way to go for the week. Since bitcoin price has still maintained the uptrend, we will only await the upward cross or expect the price to beat the consolidating range being $9,600 before the next entry can be made. If all conditions for the uptrend are met then the next stop should be $10,370.
Looking at the technical indicators:   
    • Major Support Level – $8,714
    • Major Resistance Level – $9,183

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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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