The beginning of the week on the quotations of the most important and currently most popular cryptocurrency bitcoin was marked by quite dynamic increases. Currently, the demand side is consolidating in the region of the local resistance level of 10,300, which may probably be broken even today.

Picture 1. Technical analysis, bitcoin, H1,27.02.2018

If we see a bottom break from the described local consolidation, then the next goal for possible rebound seems to be the level of 9,700 dollars.

Picture 2. Technical analysis, bitcoin, M15,27.02.2018

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

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