Is the corona virus causing this? Absolutely not. Absolutely not. Every day of the year there will be some types of news, but remember the answers are always in the charts.
What???So the charts are some kind of oracle and whoever reads them will know the future price trends?
Then how come all the technical analysts aren't millionaires yet?Maybe reading the charts is too difficult.
The news are what causes the price and chart movements.And yes,the panic around the coronavirus has influence over the bitcoin price.It already has influence over the stock prices for sure.
The coronavirus impact over the global economy will grow even further.
Your logic is completely wrong.
Information from the charts can be taken into account, but not guided by them. Cryptocurrency basically does not lend itself to any charts. Almost always, according to the schedules, we expect one thing, but in practice, something completely different happens.
The fall of the cryptocurrency market, I think, is because people now need cash to prepare for protection against coronavirus. I don’t think it will last long. The coronavirus will soon be defeated and the cryptocurrency market will grow further, taking into account the division of bitcoin in half.
