Bitcoin daily chart alert - Normal corrective pullback, so far

December 21, 2020

New York (Dec 21)  Bitcoin-U.S. dollar prices are solidly lower in early U.S. trading Monday, on what is so far a normal downside correction in a strong existing uptrend after prices last week hit a record high. Bulls still have the solid technical advantage but do not want to see more strong price pressure this week, which would begin to suggest a market top is in place. Look for higher price volatility in the near term—possibly both on the upside and on the downside.


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