Bitcoin daily chart alert - Bulls pull even with the bears

December 24, 2019

New York (Dec 24)  Bitcoin-U.S. dollar prices  are near steady in early U.S. trading Tuesday. The bulls have stopped the price downtrend to get back on a level near-term technical playing field with the bears. Recent price action has produced a bullish double-bottom reversal pattern on the daily chart, which suggests a market bottom is in place. Bulls do need to show more power soon to suggest a price uptrend can be sustained.


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