I believe in a normal Financial Crisis, Bitcoin would have fared better, but we are dealing with something that is being treated as much larger, which is a global pandemic. In 2008 people didn't hoard groceries, hoard supplies, get locked inside of their houses, have their livelihood shut down etc. This is not just a financial crisis, this is something different. There is real fear among many people that things will continue to get much worse and dangerous for a very long period of time. Bitcoin was never meant to be a hedge against a global pandemic. Gold is suffering the same fate as well, Gold is not a hedge against a Global Pandemic either. Once when the fear of the Global Pandemic absolves, Bitcoin will continue on its way toward what it is meant to achieve.

Usually I would buy more however I would be cautious as people in the United States wake up they will likely be selling more too.

Also a lot of the big buyers are going have their portfolios hit hard by the stock market bleeding out more.

So in the smaller picture, Bitcoin might be looking at another rough year(s).

In the big picture, nothing has change, Bitcoin is still Bitcoin, Corona Virus fears will eventually pass and Bitcoin will come roaring back. This isn't permanent damage, Bitcoin wasn't hacked or broken, its fears outside of it

Cuomos the same guy who banned plastic bags.....well plastic bags would be a HECK OF A LOT better than reusable bags right now.

Doubt any of us anticipated this but as long as we don't fall below $6400, we will just be setting another higher low.

Just more buying opportunities, Bitcoin is the gift that keeps on giving.

Maybe just maybe we have something here, it got a good bounce.

Ascending triangle anyone?

Bitcoin cant close the day below the 200 Day moving average. Its currently at $8794.

If we close above it, it would be pretty bullish.

I have a conspiracy, perhaps the world governments finally realized that the global stock market is in a bubble so they created a virus in order to blame someone.

I like the overlay but wouldn't the 2014 bottom be lower than the 2018 bottom because percentage wise, it did go lower?

Today we had our first higher low on the daily, so while we did drop, it was a higher low. I think we are heading toward another breakout upward, people have gotten to bearish once again.

Dow is down nearly 900 points today.

It makes you wonder if they are going to blame the Corona Virus as the reason the stock market crashes, when in reality its obviously a lot more than that (federal banks printing money).

I didn't think I would say this today, but today may have been the last day we ever see Bitcoin below $10,000.........Bitcoin is back in the uptrend, which means we just had a false breakout (downward). We see a clear rounding bottom on the 1 hour from the recent breakdown (very similar to the macro rounding bottom we saw in December)....

Within 2 days we will break $10,500 and set the first higher high since we broke $9000 last May (prior to the parabolic move from $9000 -$13,900 where it went straight up).

Perhaps we are about to get the breakout right here.

We are in some sort of ascending triangle continuation pattern, which if we break $10,500 our target will be around $11,200.

$10,500 seems to be the resistance we are facing right now, which was the high from October on coinbase, but not bitstamp. We should break out within two days, likely today.

There isnt much they can do anyway. They probably would want people to report their Bitcoin address to the government, which makes zero difference because of KYC, they have most peoples addresses. Also the good criminals would never report their addresses so its whatever.

"Bitcoin" on google trends is currently at a 45 over the last 12 months. When it had that April candle last year it was at 42.....we are essentially at where we were last April. If thats a sign of whats to come, then buckle up, the next few months might be insane.

When it hits $100k the fomo will be real. I definately agree that we can see it run up to anywhere between $200k-$400k, and this will all go down within a month or so after hitting $100k

Many alt coins were down 95%-99%. The sellers ran dry, which means they can be pumped heavily very easily. They weren't going to go down forever, and bitcoin wasn't going to gain dominance forever either, it's impossible.

Incorrect, last year he was essentially correct......
https://bitcoinist.com/tom-lee-bitcoin-fair-value-is-14000-right-now/

Personally I don't see $27,000 in 2020. I do believe in 2021 it will reach that price however.