Technical analysis

Is Bitcoin about to trap the buyers?

Julien Moretto – 13 Nov 2019

Mixed feelings on the cryptocurrency market this week. Bitcoin is quite disappointing with -5.7% over a week, falling back to the €8,000 ($8,800) level on November 13. While the market psychology is less bullish on Bitcoin, some altcoins realise strong gains. Over the week, Tezos (XTZ) is up by 25%, Chainlink (LINK) +12%, VeChain (VET) + 31.5% or NEO + 17%. Finally an altcoins season? Which assets are about to perform? Here’s what to know from the market this week.

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