Bitcoin daily chart alert - Prices careen to 2-month low Monday

March 9, 2020

New York (Mar 9)  Bitcoin-U.S. dollar prices are sharply lower and hit a two-month low in early U.S. trading Monday. Panicky global markets, including S&P futures whose prices are presently locked limit down as of this writing, are prompting strong selling pressure in Bitcoin. Traders are at present are not selling what they want, they are selling what they can. And Bitcoin appears to be a victim of that, along with gold. Bears are now in technical control and have put in place a price downtrend on the daily bar chart.


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