(18 DECEMBER 2017)BITCOIN (in USD):20k on target.

(18 DECEMBER 2017)BITCOIN (in USD):20k on target.

18 December 2017, 13:32
Jiming Huang


20k on target.

(By Yann Quelenn )

• Bitcoin's bullish momentum is far fom over.

The technical structure has shown a tremendous

positive short-term momentum. Hourly support

is located below 14k (08/12/2017 low). Strong

support stands very far at 2975 (22/08/2017 low).

In the short-term, the digital currency should

continue rising at levels unseen so far.

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

an exponential growth. There are decent

likelihood that the asset will reach $40'000 in


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