Is negative impact of Corona virus is Ended on Btc and whole crypto market

[chrislynn 0]

From last two days I am notices bitcoin is perfectly bullish condition and yesterday morning btc was below 6000$ but within few hours it's price crossed two resistance level 6000$ and 6450$ but late night again btc change their gear and below 6000$ today morning again btc back gear and crossed resistance of 6000$ and now it's price is 6230$ is now corona virus negative impact ended or not because btc price recovery from 4400$ to 6800$.

[Gaurav kumar 972]

That's the case sir. This is the after effects of spread pandemic all over the world which has resulted in the dropping of prices of cryptos and the economic slowdown down that has struck the mankind. There is a huge impact of COVID-19 above all the markets.

[BitcryptoHan 2557]

We should all hope so has crypto market not seeing increase of pieces. All cryptocurrencies are increasing on value now. Not really affected by covid 19 again. 

[Brand1 1336]

This period will remain a highly volatile currency rate, as we will see the price rise and fall in the day at great levels, but he used to believe that during the coming months the price will rise and return to $ 10,000 and perhaps more

[Ch Ayyan 9781]

We can see that many  countries treat their  patients  of carona  well  and people  are now recovering  from disease  fastly. I think  is the reason  for recovery of crypto.

[rekter 8129]

6 hours ago, chrislynn said:

From last two days I am notices bitcoin is perfectly bullish condition and yesterday morning btc was below 6000$ but within few hours it's price crossed two resistance level 6000$ and 6450$ but late night again btc change their gear and below 6000$ today morning again btc back gear and crossed resistance of 6000$ and now it's price is 6230$ is now corona virus negative impact ended or not because btc price recovery from 4400$ to 6800$.

Too early to tell. I don't think that the real impact has even happened yet on the forex or stock markets and bitcoin seems to follow those. There's a chance that when some of the the financial investors are gone from bitcoin, we could actually come out of this better then most assets.

Edited March 21, 2020 by rekter

[tienda 8776]

Yes of course the Corona virus causing the Third World War global crisis, there are many products and service stopped in all countries, so is not just the cryptocurrency market who is affected, we hope that this crisis will cure soon!

[Raqeebzy 6456]

The corona virus pandemic has been the main influencer of the price of bitcoin in the last few days. The broader market also is in a great mess because of it. Bitcoin will surely regains it stands when the virus pandemic is reduced to the minimum I believe. 

[Ridam 7455]

The market is recovering but i don't think there is not only the thing that had affected the market last week to fall. The trading volume has been decreased. Now the price will surely go up because it has dump huge likely -100% so it's time for pump and only pump.

[George10 9932]

The impact of COVID19 on crypto led to the rapid drop of bitcoin price and altcoins but now bitcoin price seems to be recovering  from a dip low it touched and now trading in 6k range but I can't tell if its a fully recovery from the COVID19 impact or maybe the impact still there I have no idea thanks.

[johant123 1559]

5 minutes ago, fila said:

No it has definitely not ended the crypto markets and I have noticed some positive price developments in the past few days around most major coins including bitcoin of course so lets hope the lowest points are behind us.

It is weekend, the price always moves like crazy then. I think we have to wait until Monday morning New York time to get more direction.

My guess is we're going down next week.

[Sedy 670]

23 hours ago, chrislynn said:

From last two days I am notices bitcoin is perfectly bullish condition and yesterday morning btc was below 6000$ but within few hours it's price crossed two resistance level 6000$ and 6450$ but late night again btc change their gear and below 6000$ today morning again btc back gear and crossed resistance of 6000$ and now it's price is 6230$ is now corona virus negative impact ended or not because btc price recovery from 4400$ to 6800$.

Due to the pandemic outbreak of corona virus, it was expected that Bitcoins and other coins would affect the market price. None the less, the market price will rise again in a few days or weeks .

[Dark_Sky 8489]

For me it can only affects the market but it can not lead to the destruction of cryptoworld and bitcoins. 

We all waiting for the cure of Corona and I know for sure if that thing happened the cryptoworld will rise again. 

[bliznec 22267]

Most likely yes, because people who are afraid of becoming infected with the virus are always in a panic. Many people know where the panic is, and money is spinning there. I believe that coronovirus has affected the cryptocurrency market. 

[Zaino34 0]

The price has fallen a lot in the recent period to less than $ 5,000, due to what happens from the Corona virus, but in the coming days the price will go up to good amounts, especially in the next month after the recovery begins.

[Wilmer Garcia 0]

It can be said that the rapid recovery is due to the purchases that traders are making to take advantage of the low price of Bitcoin (BTC) and accumulate them to subsequently sell them and make more profit 

[Honny143 13612]

Last few days back corona virus really effects all  market's, but now all countries take action against this virus, because they don't want to spread this virus speedily, but now good news is bitcoin slowly increase prices but slowly, because few days back bitcoin prices 4050$ dollars but now this prices 6300$ its really good improvement by crypto market, hope soon bitcoin prices increase.

[malik6314193 5449]

You are right but i think bitcoin or overall crypto currencies did not take out himself from the affect of corona virus. May be crypto currencies take few weeks to reach its original price. 

[Lover840 0]

On 3/21/2020 at 12:34 PM, chrislynn said:

From last two days I am notices bitcoin is perfectly bullish condition and yesterday morning btc was below 6000$ but within few hours it's price crossed two resistance level 6000$ and 6450$ but late night again btc change their gear and below 6000$ today morning again btc back gear and crossed resistance of 6000$ and now it's price is 6230$ is now corona virus negative impact ended or not because btc price recovery from 4400$ to 6800$.

Well it is not over yet. Coronavirus is still spreading and the entire crypto market is still suffering from huge loss. As you can can see prices are still raising and falling daily. It will take more time. 

[Mwangi 5611]

Its has really destroyed  so many peoples life so its important to really follow a certain position that would help us in getting everything working in so many other ways we have to develop the right ideas and the right effort to bring bitcoin back to atleast 12,000$ which is the dream for me, we really need to really get everything well for the same.

[Omar Ommeish 4872]

The negative impact of the Corona virus was not only on cryptocurrencies, everything related to the global economy has completely collapsed, but the work is back up again.

[Mohssine 1725]

Yes bitcoin is down because of corona virus, for just 3 week bitcoin down from 10000 $ to 5000$ (-50%), and that is really bad for all people how investing in bitcoin, but i think bitcoin will rise when corona virus finished . 

[Nezar 7169]

In this period, we will witness very large fluctuations in the prices of cryptocurrencies, as we see the price reached last week to $ 6900 and within several hours the price fell to $ 5,000 and today the price of the coin bitcoin6600 $ and I think that the price will rise back to what it was earlier soon because China has fully recovered from an epidemic Sk

[BTC Future 3946]

They've printed 800 million USD in stable coins to support the price. Right now all the Bitcoin's sold during the dip are owned by exchanges. The rise of price from 5K close to 7K was not organic, it was just CZ and bitfinex buying along with the rest that bought with tether. They trap investors at 7K which looked like a breakout point and dump all the way to 6K. Major exchanges are the whales that are manipulating right now.

[BitcryptoHan 2557]

Yes. Bitcoin has no grown more than 80% as said by cointelegraph. So, I believe investors are now not afraid again of bear market and are investing.