(05 FEBRUARY 2018)BITCOIN (IN USD):DECLINING.
Declining
• Bitcoin is trading slightly lower. Resistance islocated at 12'130 (18/01/2018 high) and isdistanced. The short-term technical structuresuggests further decline.
• In the long-term, the digital currency has hadan exponential growth but also presentedimportant downturns. There is decentlikelihood that the currency could stabilizebetween 7'000 - 12'000 in 2018. Bitcoin isapproaching its 200 DMA (6'000 range).