![(10 JANUARY 2018)DAILY MARKET BRIEF 2:BITCOIN Ready for a bearish breakout. (10 JANUARY 2018)DAILY MARKET BRIEF 2:BITCOIN Ready for a bearish breakout.](https://c.mql5.com/6/795/splash-714800.jpg)
(10 JANUARY 2018)DAILY MARKET BRIEF 2:BITCOIN Ready for a bearish breakout.
![Jiming Huang Jiming Huang](https://c.mql5.com/avatar/2015/11/563C54E3-36DF.jpg)
Ready for a bearish breakout.
• Bitcoin is suffering these past few days. The
technical structure has shown a tremendous
positive short-term momentum so far. Hourly
support area located around 10775 (22/12/2017
low). In the short-term, the technical structure
suggests a continued bearish momentum.
Expected to show further decline.
• In the long-term, the digital currency has had
an exponential growth. There are decent
likelihood that the asset will reach $40'000 in
2018.
By Yann Quelenn
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