Bitcoin (BTC / USD) Coronavirus effect - In support line

Bitcoin has dropped at a panic price, as well as bags, oil metals.

The coronavirus effect has taken over the market. How long will it last, days, weeks, months, hopefully only a few days.

I would like to know your comment.

Let's see

If we analyze the chart, we see that Bitcoin has broken the average line of 200 weekly periods and the candle touched the bottom of the bearish channel, weekly chart.

It coincides as far as the price has reached with a range of prices that have previously been resistance, now creating a new support.

Could you close the week for $ 5500 dollars at the bottom of the bearish channel?

Or will the price go up and bitcoin closes the week above the 200-period median line, weekly chart?

What do you think?

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Protect your assets use Stop loss

The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

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