Bitcoin daily chart alert—bulls stabilizing market early this week

New York (Aug 26)  Bitcoin-U.S. dollar futures prices are near steady in in early U.S. trading Monday.  Bulls have stopped the recent downside bleeding and have stabilized the market. Bulls and bears are now on a level near-term technical playing field, so this week’s price action will be extra important in determining the price trend heading into September. There is strong technical support at the summertime lows. Bulls still need to defend those summertime lows.

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