(13 NOVEMBER 2017)BITCOIN (in USD):Collapsing.

(13 NOVEMBER 2017)BITCOIN (in USD):Collapsing.

13 November 2017, 13:00
Jiming Huang
0
29
btc

Collapsing.

(By Yann Quelenn)

• Bitcoin is now consolidating after recent surge.

The technical structure shows a tremendous

positive short-term momentum. Hourly support

is now 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.

• In the long-term, the digital currency has had

an exponential growth. There are decent

likelihood that the asset will reach $10'000.

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