Bitcoin upward trend resumes following slight decrease at 10676 (21/02/2018 low), heading for hourly resistance at 12130 (18/01/2018 high). Strong support remains at 9022 (30/11/2017 low). The short-term technical structure suggests further upside moves.
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 trading above its 200 DMA (6’500 range).
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