The Bitcoin suffered from a loss of -0.5%. Bitcoin continues to follow traditional financial markets as the virus spread. Experts say the current world economy tends to make people more risk-averse and less prone to invest in high volatility assets such as the Bitcoin.
Current support / resistance: $7'300 / $ 9'200
RSI is fluctuating in its lower bands, furthermore the golden cross is on the verge. Volume profiles say that there is a strong support in the 8'000 as well as a strong resistance in the $8'700. It is probable that the Bitcoin will fluctuate in this range the following days.
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