(04 DECEMBER 2017)BITCOIN (in USD):A Christmas rally is possible.

A Christmas rally is possible.

(By Yann Quelenn)

• Bitcoin is now consolidating below 12k. The

technical structure shows a tremendous positive

short-term momentum. Hourly support is located

at 9000 (29/11/2017 low). Strong support stands

very far at 2975 (22/08/2017 low). In the shortterm,

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 $40'000 in

2018.