Technical Analysis

BITCOIN $20'000 Before Christmas

Typography

Bitcoin is in a fire mode. The technical structure shows a tremendous positive shortterm momentum. Hourly support is located at 9000 (29/11/2017 low). Strong support stands very far at 2975 (22/08/2017 low). In the shortterm, the digital currency should continue rising at levels unseen so far.

In the long-term, the digital currency has had an exponential growth. There are decent likelihood that the asset will reach $40'000 in 2018.

Author: Swissquote Bank SA Website: http://en.swissquote.com/fx
Swissquote Bank SA
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