Bitcoin: Christmas Rally Is Possible
Swissquote Ltd | Dec 04, 2017 12:40
Bitcoin - a Christmas rally is possible
Bitcoin is now consolidating below 12K. The technical structure shows a tremendous positive short-term momentum. Hourly support is located at 9000 (29/11/2017 low). Strong support stands very far at 2975 (22/08/2017 low). In the short-term, the digital currency should continue rising.
In the long-term, the digital currency has shown exponential growth. There is decent likelihood that the asset will reach $40,000 in 2018.
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