Bitcoin daily chart alert - The pounding continues

March 13, 2020

New York (Mar 13)  Bitcoin-U.S. dollar prices late this week hit a 12-month low. Panicky global markets are sucking liquidity out of many markets, including Bitcoin. Low liquidity is generally bearish. “When in doubt, get out” is traders’ mantra at present. Bitcoin bulls are sorely disappointed the asset did not perform as a safe-haven asset this week—but neither did gold. Bitcoin bears remain in solid near-term technical control amid an accelerating price downtrend in place on the daily bar chart.


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