Technical analysis

Bitcoin’s rise in early 2020, trap or real reversal?

Julien Moretto – 8 Jan 2020

The cryptocurrency market does not start 2020 as it ended 2019. Since January 3, all the cryptos have been on the rise. Bitcoin has gained 16% over the last seven days and is approaching a key resistance at €7,700 ($8,500). Ethereum jumps 12% in one week. In the market top 20 , assets such as Bitcoin Cash or Dash respectively gained 20% and 35% in a few days. Short term, the market has clearly recovered. From a medium/long term perspective, significant resistances remains to be broken. The price will have to maintain above key levels. In this article, we analyse which indicators could give signals confirming a long-term bullish reversal:

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