Bitcoin Daily Chart Alert - Bulls Stop The Bleeding, But More Work To Do

November 29, 2018

New York (Nov 29)  Bitcoin-U.S. dollar prices are higher again in early trading Thursday, on more short covering in the futures market and some perceived bargain hunting in the cash market. The Bitcoin bulls appear to have stopped the bleeding that pushed prices to more-than-12-month lows recently. However, the bulls have more heavy lifting to do in the near term to begin to suggest a price uptrend can be sustained and that a market bottom is in place. The bears still have the solid overall near-term technical advantage. There are still no early chart clues to suggest Bitcoin has bottomed out.


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