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Bitcoin Nov. 18 daily chart alert - Bulls stabilize the market

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(Kitco News) - Bitcoin-U.S. dollar prices are near steady in early U.S. trading Friday. Recent price action had formed a bearish pennant pattern on the daily bar chart. However, the bulls have stabilized prices to prevent a bearish downside price “breakout” from the pattern. Bulls have now gained a slight bit of strength late this week, but the bears still have the overall near-term technical advantage. Stay tuned!

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