Technical analysis

Bitcoin: $7,900 to break for a new bull trend

Julien Moretto – 11 Dec 2019

Stable week for Bitcoin, with -0.70% trading at €6,530 ($7,230) on December 11. While major altcoins such as Ethereum are also stable, other ones with poor liquidity have experienced significant losses this week. The market is still waiting for the next clear direction of the Bitcoin price. A cross of €7,100 ($7,900) would be a first step to recreate a short-term bullish sentiment. This week, we take a look at the important price levels and the main news from the crypto market.

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