Bitcoin Trend Falters Above $10,000
Swissquote Ltd | Feb 22, 2018 11:04
Bitcoin Trend Falters Above $10,000
Bitcoin upward trend stops following slight decrease above 10000. Expected to resume its rise. Hourly support remains at 9022 (30/11/2017 low) while resistance is given at 12130 (18/01/2018 high).
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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