Bitcoin Ready For Bearish Breakout
Swissquote Ltd | Jan 10, 2018 11:15
Bitcoin ready for a bearish breakout
Bitcoin has been suffering for the past few days. The technical structure has shown a tremendous positive short-term momentum so far. Hourly support area located around 10775 (22/12/2017 low). In the short-term, the technical structure suggests a continued bearish momentum.
Expected to show further decline. 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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