Bitcoin is rising higher following recent bounce from 7387 low, approaching hourly resistance at 10232 (01/02/2018 high) and expected to head along the 10000 range. Hourly support at 6797 (06/02/2018 low) is distanced. The technical structure suggests further upward 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 approaching its 200 DMA (7000 range).
