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. 

• • Major Support Level – $9,078
  • Major Resistance Level – $9,350

Our Recommended Exchanges for placing Crypto Trades

for USD/BTC:

• • • bitcoin priceBinance (Visit Site)   (Read Review)

for Naira/BTC: 

• • • Quidax (Visit Site)   (Read Review)
    • Luno   (Visit Site)   (Read Review)

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.