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Bitcoin daily chart alert - Bulls stabilize market amid lower volatility - Dec. 30

Kitco News

Editor's Note: 2020 is expected to be another year of significant uncertainty and turmoil. But the question is what asset will emerge the victor when the dust settles from the global trade war, Brexit, recession threats, negative bond yields. It's a showdown of global proportions, so don't miss all our exclusive coverage on how these factors could impact your 2020 investment decisions.

(Kitco News) - Bitcoin-U.S. dollar prices are slightly up in early U.S. trading Monday. The holiday season is making for quieter dealings, but the bulls have recently stabilized the market amid choppier trading. Recent price action has produced a bullish double-bottom reversal pattern on the daily chart, which suggests a market bottom is in place. However, bulls and bears are presently fighting for near-term technical control, with neither gaining much of an edge—suggesting more choppy and sideways trading in the very near term. Stay tuned.

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