Bitcoin daily chart alert - Bulls getting hammered, need to stabilize prices

New York (Feb 23)  Bitcoin-U.S. dollar prices are sharply lower in early U.S. trading Tuesday, after also getting hit hard Monday in the aftermath of prices hitting a record high during the weekend. Bitcoin bulls are quickly on the ropes and need to step up and show power very soon to stabilize the market. Otherwise, further losses this week would spook the weaker-handed buyers who entered the Bitcoin market just recently. Trading the rest of this week will be extra important. More strong price pressure this week would be a clue that a near-term market top is in place.

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