Bitcoin’s bullish momentum is far fom over despite very strong consolidation phase. The technical structure has shown a tremendous positive short-term momentum so far. Hourly support area located around 15’752 (13/12/2017 low) has been broken. In the short-term, the technical structure suggests further bearish momentum. Expected to decline to 10k.

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.

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