Bitcoin daily chart alert - Bulls still in some trouble
New York (Sept 10) Bitcoin-US dollar are slightly lower in early U.S. trading Friday, following the sharp sell-off earlier this week that saw prices hit a four-week low and also negated a near-term price uptrend on the daily chart. Technical damage has been inflicted this week but the bulls have stabilized the market. Still, this present pause, or quieter price action, could be forming a bearish pennant or flag pattern on the daily bar chart.
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