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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