Many fundamental factors affect the market. One of these factors is the economic impact of the coronavirus, which has had a huge impact on the international community. The corona virus can stagnate the global economy in the long run, and one way out of this dilemma will be digital currencies.
Although this may not have a direct positive effect on Bitcoin due to opposition from lawmakers, it will certainly have a huge impact on the spread and promotion of blockchain technology.

But Robert Kiyosaki, author of The Poor Father's Rich Dad, believes the discovery of the corona vaccine will lead to a short-term decline in bitcoin.

As you can see in the daily chart of the Bitcoin Dominance Index (BTC.D), the index, which lost its mid-term uptrend in June, is in a short-term downtrend. The index has reacted twice to the range of 59% and due to the divergence formed between the RSI and the index, we can expect its support in the current range and increase it to 65%. Of course, confirmation of this issue will require the stabilization of the index above the range of 62%. However, as long as the index does not cross this resistance, one can expect it to continue to fall in the downtrend channel.




Good luck