Bitcoin made a false break out after misleading traders into thinking it was headed lower. A lot of bearish positions were liquidated as the price pumped higher triggering a short squeeze. This was in sync with a big pump in the price of oil amid speculation that President Trump is going to help resolve the oil situation. The S&P 500 has remained bearish meanwhile and still eyes further downside. Meanwhile, the Coronavirus outbreak worsens by the day. The markets are just stalling what is about to come next, but it is inevitable. The next decline in the cryptocurrency market could be unlike anything we have seen before.