Bitcoin daily chart alert - Sideways price action slightly favors bulls

December 31, 2019

New York (Dec 31)  Bitcoin-U.S. dollar prices  are near steady in early U.S. trading Tuesday. The holiday season is making for quieter dealings, but the bulls have recently stabilized the market amid choppier and sideways trading. Recent price action has produced a bullish double-bottom reversal pattern on the daily chart, which suggests a market bottom is in place. Bulls and bears are presently fighting for near-term technical control, with the sideways price action recently just slightly favoring the bulls.


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