Bitcoin trades indistinctly at the 8200 range and approaches hourly support at 7614 (02/02/2018 low). Expected to show short-term decrease. Hourly resistance is maintained at 12130 (18/01/2018 high).
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 7’000 – 12’000 in 2018. Bitcoin is approaching its 200 DMA (7000 range).
