Corona virus summary:
Could the corona virus outbreak be the jolt that drives the traditional banking sector and the cryptocurrency sector together?
In Italy, there are suggestions that this is already the case, with Banca Sella preparing to launch bitcoin trading services for many of its mobile banking customers.
The bank's plans involve using its 1.2 million-user Hype mobile banking platform to allow customers to create a bitcoin (BTC) wallet at the bank, buy and sell BTC, and retain full control over their holdings – without making use of exchanges.
Technical analysis:
BTC has been trading upwards in the past 24 hours. Anyway, I still think that the BTC is in upward correction phase and that correction might end very soon.
Upside references are set at $7.300 and $7.600
Support levels are set at the price of $6.000, $5.000 and $3.820
Watch for selling opportunities if you see any divergence in the upside momentum near the upside references levels. The main downside target would be set at $3.820.
MACD oscillator is now showing positive reading with the slow line rising...
