Bitcoin Price Weekly Update: 4th January – 10th January 2021

It’s no news that bitcoin price hit $34,000. Panic is in the rise as lots of investors don’t know the next turn bitcoin will take.
As mention in last week post that bitcoin upwards troll is a yearly event. It’s most advisable to target the end of year spikes for the new year expenses.
In today’s chart, bitcoin price has recessed from its new high, $34,000. We expect the price to drop some more though, but we don’t know where it’s next stop will be.
For this week’s analysis, we expect bitcoin price to drop further but we need a confirmation from the MACD before the position is ascertained. 
As price drops to $29,323, we expect a pullback before the continuation to the downside.


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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