Bitcoin Price Weekly Update: 5th May – 11th May 2020

by | May 5, 2020 | News | 0 comments

A new week has started with so much goodness.

Last week we expected that bitcoin will exceed the previous resistance being $7,688. It did and touched $9,100 exceeding our target of $8,428.

Now, what is next in the move of bitcoin price?

Bitcoin price is sure to get more climb. The present resistance is $9,170 and should break this soon and our entry is at the cross of the MACD. Our first target is $9,900 and the second target is $10,370.

Looking at the technical indicators:    
    • Major Support Level – $8,428
    • Major Resistance Level – $9,170

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.