(26 FEBRUARY 2018)BITCOIN (in USD):Decreasing below 9500.
Analytics & Forecasts

(26 FEBRUARY 2018)BITCOIN (in USD):Decreasing below 9500.

26 February 2018, 13:21
Jiming Huang
Jiming Huang
0
84

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Decreasing below 9500.

• Bitcoin starts its decline below 10000 and

approaches hourly resistance at 9022

(30/11/2018 low). Hourly resistance at 12130

(18/01/2018 high) remains.

• 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).

By Peter Rosenstreich

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