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Bitcoin daily chart alert - Bulls work to stabilize prices - Aug. 4

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(Kitco News) - Bitcoin-U.S. dollar prices have stabilized this week after the market over the weekend hit a 12-month high and then backed off sharply to form a bearish “key reversal” down on the daily bar chart, which is one early technical clue that a market top is in place. The bulls still have the overall near-term technical advantage as a price uptrend remains in place on the daily chart. However, this week’s price action will be extra important for the Bitcoin bulls. Stay tuned.

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