Bitcoin is trading lower. Recent shortfall broke supports at 9’185 (17/01/2018 low) and 8’339 (21/11/2017 high) while resistance is located at 12’130 (18/01/2018 high) and is distanced. The short-term technical structure suggests further decline.
In the long-term, the digital currency has had an exponential growth but also presented important downturns. There is decent likelihood that the currency could stabilize between 9’000 – 12’000 in 2018. Bitcoin is approaching its 200 DMA (2K+ gap).