Bullish sentiment on cryptocurrencies increases as the Coronavirus continues to spread with 5,914 officially infected people and may reach more than 43,000 if we have to certify a mathematical model by Professor Gabriel Long.
A month-long coronary bout has ruined China, killing hundreds of people and sickening thousands, but the Asian flu positively affected the crypto market and other assets, causing upside sentiment earlier and fueling uncertainty in a period of lofty assessments.
Despite the weak trading activity, Bitcoin kept close to key levels that could lead to the next critical step.
On the daily chart, the RSI remains close to 70 points, and above that, the pair may get to the overbought zone technically in the near term. The bullish momentum appears to be weakening and the pair may need a technical correction before the next stage up.
bestadmin
