Bitcoin Price Analysis - 13 March 2020

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raul_ayala82
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Bitcoin Proof-of-Work mining will be under severe pressure as Bitcoin continues to nosedive. As prices decline sharply, more and more miners will become unprofitable, and may turn off their hardware. This would result in increased network block times until the next difficulty adjustment.

In the near term, on-chain metrics are unlikely to have a substantial impact on any price recovery. Historically, legacy markets will also need to stabilize in order for buyers to return to the crypto market. Despite the popular belief that Bitcoin will act as a safe-haven store-of-value, exchange price action over the past week has shown the complete opposite. In the months to come, Bitcoin may recover swiftly as quantitative easing and central bank money printing surge to unparalleled levels.
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Crypto Investing
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