Meanwhile, bitcoin’s recent price volatility is continuously increasing due to global economic slowdown caused by the Coronavirus and the refusal of Wilshire Phoenix’s Bitcoin ETF.
I doubt anybody knew there was a pending ETF request. I didn't know of that ETF myself, nor did I see people talk about it on social media until now after it got rejected.
Also, markets can stay overbought or oversold for prolonged periods of time. People have tried selling into those reads, but most of them fail because of that. If it was easy to short or long those reads and make tons of money, everybody would be doing it, but markets aren't that generous unfortunately.
From the looks, stocks are going to open in the red yet again, so I'm curious to see how that will affect Bitcoin's price today, and more importantly, CME's weekly and monthly close.
