Bitcoin Plunges on Profit-taking, Losses Limited by Coronavirus Outbreak

Bitcoin entered a negative slope on Thursday as traders took profits from its latest price rally. But the cryptocurrency remained above a strong technical support level. Spot BTC/USD exchange rate was down 3.84 percent at $8,360.87 ahead of the New York morning session open. At the same time, bitcoin futures listed on CME fell by more than 6 percent. to $8,385. $BTC #BITCOIN Getting towards the area, which is basically the high from 8 January. Given that everybody wants to long $8,200-8,250, I doubt we’ll reach it, if we are…