Technical Analysis Brief - BTC/USD (2018-Mar-05)

by: Usman Sheikh

Moving higher for the 4th day in a row, BTCUSD finished Sunday at $11,486.83 edging higher $20.31 (0.18%) on low volume. Sunday's closing price of $11,486.83 marks the highest close since January 28th.

We are now looking to test the highs of February-2018 set at around $11,803. Our concerns are with regards to the divergence off volume. This may result in Bitcoin failing to break the $11,800s resistance level.

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