By Daizuru - 05.03.2020
Will bitcoin crash again in 2020
Bitcoin's bull market, which has seen the bitcoin price surge from around $4, to $12,, could be brought to an abrupt end if the price. If the equity markets now crash everything will go down with it. Out goes bitcoin, gold and the riskier holdings in return for more margin cash to.
The selloff in global equities has dragged bitcoin along for the will bitcoin crash again in 2020, once again exposing the 'haven' myth. As global equity markets crashed on Mondaybitcoin had the opportunity to prove it was the digital safe haven its will bitcoin crash again in 2020 have always claimed it to be.
In the process, bitcoin threatened to dip below a key trendline support that could lead to more bloodletting in the near term.
The largest cryptocurrency by market cap continued to trade near session lows at the time of writing.
Chart: TradingView With the decline, bitcoin is on the precipice of a bearish trend reversal. Bitcoin has been plunging please click for source stocks ever since investors began pricing in the will bitcoin crash again in 2020 of coronavirus.
To the naked eye, it appears that bitcoin is moving in lockstep with equities, making it a risk-on asset as opposed will bitcoin crash again in 2020 a digital haven.
Peter Schiff appears vindicated in his long-held criticism of bitcoin. Will bitcoin crash again in 2020 the time being, investors appear to be fleeing risk assets as coronavirus ravages the global economy. Global energy producers are at odds about how to re-balance the market in go here wake of the coronavirus shock.
The resulting crash in oil prices triggered a massive slump in energy stockscausing the entire market to buckle.
Bitcoin will bitcoin crash again in 2020 being dragged along for the ride, putting it at risk of further losses.
Disclaimer: Will bitcoin crash again in 2020 above should not be considered trading advice from CCN. Sam is based in Ontario, Canada and can be will bitcoin crash again in 2020 at sam.
Visit his Muck Rack profile here. Sam Bourgi is a Trusted Journalist.
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