(05 FEBRUARY 2018)BITCOIN (in USD):Declining.

(05 FEBRUARY 2018)BITCOIN (in USD):Declining.

5 February 2018, 12:55
Jiming Huang



(By Peter Rosenstreich)

• Bitcoin is trading slightly lower. Resistance is

located at 12'130 (18/01/2018 high) and is

distanced. The short-term technical structure

suggests further decline.

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

an exponential growth but also presented

important downturns. There is decent

likelihood that the currency could stabilize

between 7'000 - 12'000 in 2018. Bitcoin is

approaching its 200 DMA (6'000 range).

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