Coronavirus and Three Major Reasons Why Bitcoin Price Broke Below $9.4K By Cointelegraph

price (BTC) dropped another 3.07% on Feb. 25, marking the second day of losses as global equities markets sharply corrected on fears of the Coronavirus spreading to more countries.

The price dropped below what analysts have labeled as crucial support at $9,450-$9,400 to a new 3-week low at $9,281. Similar to the Feb. 18-19 drop from $10,250 to $9,478, today’s pullback was also preceded by a tweezer top candlestick pattern on the daily timeframe.

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