Bitcoin daily chart alert - Prices hit 6-week high Tuesday

January 7, 2020

New YOrk (Jan 7)  Bitcoin-U.S. dollar prices  are up and hit a six-week high in early U.S. trading Tuesday, on perceived safe-haven demand following the recent geopolitical shockwave when a U.S. military air strike killed a top Iranian general. The Bitcoin bulls have gained good upside momentum to suggest more gain in the near term. Recent price action has produced a bullish double-bottom reversal pattern on the daily chart, which suggests a market bottom is in place


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