Bitcoin is confirming further recovery after 17/01/2018 collapse. Hourly support is located at 10’775 (22/12/2017 low). In the short-term, the technical structure suggests a continued bearish momentum. Expected to show further decline.
In the long-term, the digital currency has had an exponential growth but also presented important downturns. There are decent likelihood that the currency could reach $15’000 (December 2017 levels) in 2018. Bitcoin is trading far above its 200 DMA (5K+ gap).
. In the short-term, the technical structure suggests a continued bearish momentum. Expected to show further decline.){kind=link}