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Bitcoin analysis for 01/10/2018

Opera has partnered with a consulting and financial company, Ledger Capital, to investigate the possible applications of Blockchain applications. As announced, both companies want to explore and use the possibilities of using Blockchain technology and the way in which it can be implemented in the products of the Opera and its ecosystem. Opera became the first large web browser that contained a built-in cryptocurrency portfolio. Commenting on this initiative, Charles Hamel, Opera's Product Crypto Wallet, said: "Paying with a cryptographic wallet is like sending digital cash straight from your phone. This opens up new opportunities for merchants and content creators".

This month, Opera launched a special edition of the "Laboratory" of its internet browser with a built-in cryptographic portfolio, in which the new edition will enable users to authenticate Web 3.0 transactions and decentralized applications (DApp) on their computer using an Android phone. Labs are supposedly fully compatible with the mobile cryptographic portfolio.

In December last year, Opera included the anti-crypto mining function in an integrated ad-blocker program for its web browser, and then extended it to a mobile browser. Last month, another major Internet browser, Firefox, announced that it would block malicious cryptographic software in its future versions.

The opera was founded in 1995 in Norway. In 2017, the company generated operating revenues of $ 128.9 million and a net profit of $ 6.1 million, while the user base was 322 million people worldwide in the first quarter of 2018. In June 2018, Opera applied for the first public offer (IPO) in the United States to collect 115 million dollars.

Let's now take a look at the Bitcoin technical picture at the H4 time frame. The market is moving sideways in a horizontal correction cycle, just around the weekly pivot at the level of $6,501. The nearest resistance is seen at the level of $6,738 - $6,756 zone and the swing resistance is located at the level of $6,788. The nearest support is seen at the level of $6,413, and one more is below, at the level of $6,289.The key technical support is seen at the level of $6,056.

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The material has been provided by InstaForex Company - www.instaforex.com