Technical analysis

Bitcoin: will the price drop by the end of February?

Julien Moretto – 19 Feb 2020

Mixed signals this week in the crypto market. While the price of Bitcoin seems to be dropping after hitting €9600 ($10,500), the global trend remains bullish. On the Altcoin side, Ethereum (ETH) and Tezos (XTZ) continue their impressive increases with respectively +18% and +26% over the last seven days.

Even if we must stay cautious regarding the upward volatility of this market, it could be strategic to partially sell some cryptocurrencies that have been bought for a lower price. Let’s analyse together on what signals to rely on and what might be the attractive price levels to then buy back.

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