-----[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).