Technical analysis

The crypto market is taking off, how to know when to take profit ?

Julien Moretto – 12 Feb 2020

The bullish acceleration is clear this week in the cryptocurrency market. The start of the year 2020 is one of the best in a long time. Bitcoin has gained a further 12% in seven days and has settled above the symbolic $10,000 level.

But the altcoins offer even more impressive gains, like Tezos (XTZ) with +71% or Lisk (LSK) with +59% in one week. However, some uptrends seem to go parabolic. If the bullish trend builds more gradually on Bitcoin, profit taking could be strategic this week on some Altcoins. Let’s see some key price levels.

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