Bitcoin daily chart alert—Bulls, bears in pitched battle

New York (Jan 28)  Bitcoin-U.S. dollar prices are modestly higher in early U.S. trading Thursday. Trading remains very choppy and volatile as bulls and bears fight for control of the market. Bulls have stabilized prices after the recent strong selling pressure. However, a price uptrend on the daily bar chart was negated last week. The bulls still have the slight overall technical advantage but have faded and need to show fresh power to restart the price uptrend on the daily chart.

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