Bitcoin is trading sideways. Hourly support is at 9’185 (17/01/2018 low) while resistance is located at 12’130 (18/01/2018 high). The short-term technical structure might be suggesting potential breakout.
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 trading far above its 200 DMA (5K+ gap).