The Bitcoin (BTC) has been trading upwards. The price tested the level of $11.010. 2018 might be a breakout year for cryptocurrency wallets. The Bitcoin.com wallet is set to reach 2,000,000 downloads soon and has integrated Shapeshift into its platform. More recently, San Diego-based Edge released its wallet from a three month long beta, going fully live 15 February, providing what it claims is "a private, secure, open-source, and easy to use multi-asset wallet." Technical picture looks bullish to neutral.
According to the 30M time - frame, I found shooting star candle (bearish) at the pivot resistance 3, which is a sign that buying looks risky. I also found an overbought stochastic oscillator, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of $10.730 and at the price of $10.325.
$10.918 – Intraday resistance
$10.730– Intraday support
$10.730 – Objective target 1
$10.325 – Objective target 2
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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