Bitcoin is trading slightly lower. 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 7’000 – 12’000 in 2018. Bitcoin is approaching its 200 DMA (6’000 range).