Yesterday was extremely successful for all owners of the most popular bitcoin cryptocurrency. As a result of recent increases, the demand side managed once more to test the important level of resistance located in the 11000 price area. It seems that buyers on this last day of the week will be able to overcome resistance and continue moving north.

Picture 1. Technical analysis, bitcoin, H4,02.03.2018

Further increases further problems should be encountered near the level of resistance, which falls in the price area of $ 11,700 for one bitcoin. This is an important level because it is also the maximum from the last month.

Picture 2. Technical analysis, bitcoin, H1,02.03.2018

In the event of any decreases, a good place to re-take the long position should be the $ 100 confluence and support level of $ 10,300.

Risk Warning: The content of this analysis is for informational purposes only and does not constitute investment advice.

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