RATE Group | Bitcoin Value Falls to $7000 As Good News Is Hard to Find
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Bitcoin Value Falls to $7000 As Good News Is Hard to Find

09 Mar Bitcoin Value Falls to $7000 As Good News Is Hard to Find

Posted at 22:25h in Bitcoin News by

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Bitcoin Value Falls to $7000 As Good News Is Hard to Find

March 9, 2020 by Ramiro Burgos

Bitcoin Value Falls to $7000 as Good News Is Hard to Find.  Many negative external factors are arising from market volatility during the COVID-19 virus spread. With so much uncertainty on how bad the virus will get, all markets are in free fall. Even traditional markets.

Also Read: Bitcoin Prices Losing Strength as COVID-19 Slows World Economies

 

bitcoin march 8th long

Long Term Analysis

As bitcoin value falls to levels which are pushing the bear trend to the forefront, could drop to $7000 support levels. The current distribution area is consolidating in a selling off range. The enthusiastic public support from different industries like Fin-tech, who are sensitive were exposed to bullish reasoning. The reasoning comes from YouTubers or journalists on traditional media recently. They are then mentally driven to play the lambs against veteran market wolves.

Volatility should be much less these days while…

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