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Crypto Industry News:
Ledger is offering a bitcoin reward worth around $ 350,000 for information on the attackers behind a series of data leaks. The company published a blog post detailing the history of recent leaks and phishing attacks that have compromised the personal data of hundreds of thousands of its customers in recent months.
The problems started last summer with a breach of the security of Ledger's e-commerce and marketing database. The latest incident occurred in December when Ledger was informed by Shopify that a "rogue member" of the e-commerce giant's support team had acquired customer transaction records relating to Ledger and other companies.
In response to the above, Ledger took a series of steps. The company has built a portfolio of 10 BTC that will be won by those who provide information leading to the identification, arrest and effective prosecution of cybercriminals. The company also hopes to persuade other people in the cryptocurrency industry to participate in this initiative.
Ledger has hired private detectives and is making changes to the way information is handled. These include the introduction of a new technical solution that will pave the way for personal fund insurance.
Technical Market Outlook:
The BTC/USD pair has managed to retrace 61% of this wave down and hit the level of $37,577 before the bounce was capped. The new local high was made at the level of $38,082 (at the time of writing the article), which means the bulls are still strong and might carry on towards the next target seen at the level of $40,000. The up trend is still intact, but please notice, that any break below the long term trend line support located around the level of $29,000 will be the first confirmation the up trend is terminated.
Weekly Pivot Points:
WR3 - $57,405
WR2 - $50,005
WR1 - $44,297
Weekly Pivot - 36,611
WS1 - $31,317
WS2 - $23,111
WS3 - $17,774
Trading Recommendations:
Bitcoin made another ATH and bulls are in control of the market. The up trend continues and the next long term target for Bitcoin is seen at the level of $50,000, so any correction or local pull-back should be used to open the buy orders. This scenario is valid as long as the level of $20,000 is clearly broken.
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