Bitcoin daily chart alert—Bulls gaining a foothold

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(Kitco News) – Bitcoin-US dollar prices are higher in early US trading Monday. Bulls have stabilized the market after last week’s big price declines. The BC bears still have the overall near-term technical advantage. However, more upside price action in the near term would produce a bullish double-bottom reversal pattern on the daily chart, to suggest a market bottom is in place. Stay tuned!

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