Volatile within uptrend channel.
(Yann Quelenn)
• Bitcoin's bullish momentum is far fom over
despite strong consolidation phase. The
technical structure has shown a tremendous
positive short-term momentum so far. Hourly
support area located around 10775 (22/12/2017
low). In the short-term, the technical structure
suggests further bearish momentum. Expected
to show further decline.
• 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.
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