Bitcoin Consolidating Below 10K
Swissquote Ltd | Dec 01, 2017 11:49
Bitcoin
Bitcoin is now consolidating around 10K. The technical structure shows a tremendous positive short-term momentum. Hourly support is located at 5605 (13/11/2017 low). Strong support stands very far at 2975 (22/08/2017 low). In the short-term, the digital currency should continue rising above 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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