Bitcoin daily chart alert - bears gain some momentum

October 18, 2019

New York (Oct 18)  Bitcoin-U.S. dollar futures prices are lower and hit a two-week low in early U.S. trading Friday. The bulls and bears are on a level overall near-term technical playing field but the bears have gained some momentum and will gain more strength by producing a bearish weekly low close on Friday. The direction in which prices “break out” of the recent sideways trading range will be the direction of the next trending move in prices. Right now, that breakout favors the downside and the bears.


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