Bitcoin is trading sideways around $8000. The technical structure shows a tremendous positive short-term momentum. Hourly support is located at 5605 (13/11/2017 low). Strong support stands very far at 2975 (22/08/2017 low). In the shortterm, the digital currency should continue rising.
In the long-term, the digital currency has had an exponential growth. There are decent likelihood that the asset will reach $10’000.
