Bitcoin Technical Analysis: BTC Risks Another Decline (March 2020)

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Bitcoin Technical Analysis: BTC Risks Another Decline (March 2020)

Bitcoin showed some signs of strength after the recent yearly low. However, it is once again primed for another decline now that we have seen the bulls lose momentum. The price now risks a decline not only below $4k but I think we could see it take out the previous low of $3.8k this time. This is not unreasonable to expect considering BTC/USD did something similar in October last year. Financial markets worldwide are still in panic and the fear is real because the Coronavirus outbreak has seriously crippled all walks of life from daily activities to businesses and global economies.

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