Bitcoin Price Flips $9K Resistance as Dow Jones Leads Coronavirus Woes

Bitcoin (BTC) price held $9,000 on March 6 as the spread of coronavirus played havoc with traditional markets.

Cryptocurrency market daily overview. Source: Coin360

Bitcoin turns $9K from resistance into support

Data from Coin360 and Cointelegraph Markets painted a buoyant picture for BTC/USD on Friday, the pair hitting local highs of $9,190.

After reclaiming the $9,000 mark a day earlier, that level functioned as support overnight, with Bitcoin fluctuating around $9,100 as of press time.

Bitcoin 1-day price chart. Source: Coin360

Stocks conversely saw another day of mayhem to close out the week. The Dow Jones, fresh off the back of its modest recovery following its historic losses last week, fell another 1,000 points to 26,100.

While Coronavirus was more of a story in the new areas of the world it had infected, markets everywhere were noticeably feeling the strain once more.

For Cointelegraph Markets analyst filbfilb, overall volatility and Bitcoin’s mixed reaction to the virus meant…