Trying to bounce.
(By Peter Rosenstrelch)
·Bitcoin has recovered marginally trying to
bounce off support, Extension of bearish
pressure indicates a test of 5992 support, The
technical structure suggests short-term
decrease.
·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 7'000-2'000 in 2018, Bitcoln is trading
below its 200 DMA (8800 range).
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