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Bitcoin daily chart alert - Recent pause is not bearish - Jan. 22

Kitco News

(Kitco News) - Bitcoin-U.S. dollar prices are just a bit weaker in early U.S. trading Wednesday. Prices are seeing some normal corrective pullback activity recently after prices late last week hit a two-month high. The Bitcoin bulls still have the firm overall near-term technical advantage amid a five-week-old uptrend still in place on the daily bar chart. At present, that suggests more sideways-to-higher trading in the near term. Stay tuned.

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