Bitcoin daily chart alert - Normal downside correction, so far

New York (Feb 18)  Bitcoin-U.S. dollar prices are weaker in early U.S. trading Tuesday, as prices have backed well off last week’s five-month high. So far, this is just a normal downside price correction in an existing uptrend. However, the bulls this week need to step up and show power, as more solid pressure on the downside this week would produce chart damage. Right now the bulls are still in near-term technical control amid the price uptrend still in place on the daily chart.

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