Bitcoin Price Weekly Update: 8th February – 14th February 2021

Bitcoin is has given us some very good gains last week to date. Expectations of the movement are strong to the upside.
Moving towards a new high, hope for traders has skyrocketed as the giant shows a new overall high.
Considering the new ban in various countries, the bias is in the favour of the rise of this giant. We expect this to climb more this week as more investors come into the market.
The present price is $46,562 as bitcoin all-time high reaches $47,500. Speculations are that bitcoin price might reach $50,000 this month.
Before staking as a new investor it’s best to wait for a little pullback in price so as to get a discount before the price pushes high. This is advisable so you don’t get caught up in a whale of losses.

Looking at the technical indicators:
    • Major Support Level – $40,918
    • Major Resistance Level – $47,500

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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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