Bitcoin daily chart alert—bears in command after big price drop

New York (Sept 25)   Bitcoin-U.S. dollar futures prices are near steady in early U.S. trading Wednesday, as the bulls are trying to stabilize the market after Tuesday’s big sell-off that saw Bitcoin prices hit a nearly 3.5-month low. Traders blamed Tuesday’s strong losses on disappointment from the trading debut of a new Bitcoin futures product developed by the InterContinental Exchange (ICE). Bitcoin prices are trending lower on the daily bar chart and the bears are now in firm near-term technical control.

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