(16 NOVEMBER 2017)DAILY MARKET BRIEF 2:Bitcoin - $8000 Before The Weekend?

$8000 before end of the week?

(By Yann Quelenn)

• Bitcoin is back to recent its highest levels after

a profit-taking period. The technical structure

shows a tremendous positive short-term

momentum. Hourly support is 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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