(07 FEBRUARY 2018)BITCOIN (IN USD):Bouncing Upside

-----[Market News]---------------------------

1 Most cryptocurrencies to hit zero – Goldman Sachs

2 Cryptocurrencies got an unexpected injection of confidence from supervision and regulation officials in the United States yesterday. The SEC and CFTC decision-makers voiced their intention of focusing the supervising efforts in the ICOs, an area where they find that investors need more protection.

-----[Analytics&Forecasts]-------------------

Bullish breakout.

• Bitcoin is retracing above 7'500, heading

towards 8'339 (21/11/2017 high). The nearly support

at 5'386 (13/11/2017 low) is distanced. The nearly 

resistance remains at 12'130 (18/01/2018 high).

The short-term technical structure suggests

upside moves.

• 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 trading

above its 200 DMA (6'000 range).