(08 JANUARY 2018)BITCOIN (in USD):Volatile within uptrend channel.

(08 JANUARY 2018)BITCOIN (in USD):Volatile within uptrend channel.

8 January 2018, 13:34
Jiming Huang
0
26

btc


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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