Bitcoin Price Weekly Update: 6th June – 12th July 2020

Bitcoin has been consolidating (sideways movement) since last week and it’s likely to drop further this week.
We are expecting a further movement downwards because bitcoin price has hit resistance and we see a rejection candle forming right there at the resistance.
Also, this movement is accompanied by the 200 moving average which serves either a support or resistance.
Bitcoin is an asset that is majorly moved by the news and rumours. 


Looking at the technical indicators:    
    • Major Support Level – $9,078
    • Major Resistance Level – $9,350

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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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