Bitcoin daily chart alert - Big downside correction; bulls need to step up

New York (Jan 11)  Bitcoin-U.S. dollar prices strongly lower in early U.S. trading Monday, on a big downside correction after hitting a record high last week. While a price uptrend remains in place on the daily bar chart, the bulls need to step up and show power soon to keep it alive. This will be an extra important trading week for the Bitcoin bulls. The bulls do still have the overall technical advantage. Expect higher volatility on the upside and downside in the near term.

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