Bitcoin Price Weekly Update: 9th September -15th September 2019

  It has been inspiring knowing that bitcoin price is gaining momentum steadily, though not too progressive but at least we are getting a few gains. Last week bitcoin price appreciated to $10,900. We indeed expected a surge beyond $11,000, but it appears the resistance at $11,900 could not be broken which caused a retracement. At $10,378 a lot of fluttering is occurring, and this may affect the next move if this price does not hold.

What To Expect This Week

We previously broke a bearish trendline which shot up to $10,900 and now dropped to $10,378. This week we expect that bitcoin price should find support at $9,937 and then move upwards. To know when to make entry ensure that the MACD cross has occurred in the upward direction.
Looking at the technical indicators:     
Major Support Level – $9,937
Major Resistance Level – $10,378

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.

 

1 thought on “Bitcoin Price Weekly Update: 9th September -15th September 2019”

  1. I have been following your posts of recent and my interest in cryptocurrency is on the increase. How do I start to understand it and even join in this trade?

    Reply

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