Technical analysis

Bitcoin under $10,000 for the last time?

Julien Moretto – 4 Mar 2020

The last few days have been intriguing in the crypto market. While the coronavirus crisis was causing the world’s stock markets to plummet, Bitcoin has not benefit from the situation, as it suffered a fall, albeit a moderate one. On March 4, its price remains above the €7,800 ($8,500) level, which seems to have acted as a support, giving the recent decline a corrective pattern. Some indicators are showing the first signs of an uptrend reversal. With almost two months to go before the halving, a new bullish sequence could send Bitcoin’s price above $10,000 long-term.

About the Altcoins, they have suffered more from the drop of the last few days. Ethereum (ETH) and Litecoin (LTC) lost 11.5% and 17% respectively over a week. Chainlink (LINK) stands out this week with a 30% increase. Let’s take a look at the market.

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