Contributors Technical Analysis Bitcoin On The Way To Recovery ?

Bitcoin On The Way To Recovery ?

Bitcoin keeps pushing up after a strong collapse. Hourly support area is located around 10’775 (22/12/2017 low). In the short-term, the technical structure suggests a continued bearish momentum. Expected to show further decline.

In the long-term, the digital currency has had an exponential growth but also presented important downturns. There are decent likelihood that the currency reaches $15’000 (December 2017 levels) in 2018.

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