Technical analysis

This price action could mark the end of the correction on Bitcoin

Julien Moretto – 4 Dec 2019

Mixed feelings this week on the cryptocurrency market with Bitcoin stable at +4.7%, at €6,800 ($7,550). Following a bounce, the market has been on a downtrend again since November 30. The €6,000 ($6,500) level remains the most recent low to watch. Ideally, the price should remain above the €6,600€ ($7,200) pivot to hope for a bullish reversal. With a few exceptions such as Tezos (XTZ) or VeChain (VET), altcoins are also stable this week after the strong drop in November. This week, we are unveiling a price action in the daily timeframe that could indicate a bullish reversal on Bitcoin.

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