Michael Saylor Believes Bitcoin Is the Solely Hope for Nigeria
- Michael Saylor tweeted that BTC is the one hope for Nigeria.
- BTC’s worth is at present buying and selling at $20,844.60.
- Bullish momentum is current on BTC’s each day chart.
The founding father of MicroStrategy, Michael Saylor (@saylor), posted on Twitter within the early hours of this morning that (BTC) is the one hope for Nigeria, and connected an article concerning the Nigerian Naira crashing to 800 per greenback.
Bitcoin is at present buying and selling at $20,844.60 at press time in accordance with the crypto market monitoring web site, CoinMarketCap. That is after its worth rose 0.85% over the past 24 hours and eight.64% over the past week.
BTC’s worth was in a position to set a each day excessive at $20,988.39, however was unable to interrupt above the $21k mark.
BTC/USDT each day chart Supply: CoinMarketCap
Trying on the each day chart for BTC/USDT, the 9 Exponential Transferring Common (EMA) line has crossed above the 20 Exponential Transferring Common (EMA) line 6 days in the past. This bullish cross performed out as BTC’s worth rose from $19,157.00 to its present stage within the days that adopted. In consequence, the worth of BTC is buying and selling above the two EMA strains.
There’s nonetheless some bullish momentum current on BTC’s each day chart because the 9 EMA line is positioned above the 20 EMA line and each strains are at present sloped positively. As well as, the Relative Power Index (RSI) line is positioned above the RSI SMA line, which is one other bullish flag.
If BTC’s worth is unable to breach the $21k within the subsequent each day candle shut then a slight retracement might happen, and the bullish thesis can be invalidated. On this state of affairs, BTC’s worth will probably drop to the 20 EMA line which can act as help.
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