At first I did not believe that there is a correlation between the market price of cryptos and the virus itself because the moment it caught the attention of the 'masses' there's nothing much of a movement in the market value of cryptos. But things have changed when the virus was classified as 'Pandemic' by World Health Organization,in March 11, as reported in CBC News. Consequently, the market price of cryptos fell in March 12
This chart is really true, we saw bear movements here. After the $10,000 was rejected and fall it below $8,000, I have become a bear on that level and this recent case of coronavirus (covid19), Bitcoin really did a bloody move falling below $4,000 in just span of 24 hours which is also good to recover and bounced back now on $6,000 levels.For me, as we don't break the trendline above, Bitcoin will continue to suffer these coming days.