Bitcoin-U.S. dollar prices are solidly lower in early U.S. trading Thursday, have dropped to a two-month low, and more importantly have fallen below critical chart support at the December low, to produce serious technical damage. This suggests another leg down in prices in the near term. Bitcoin-U.S. Dollar remains in a firm price downtrend on the daily chart. Bears have the solid overall near-term technical advantage. It will take a move in prices above chart resistance at $12,000 to give the bulls some technical strength to then stabilize the market. Stay tuned!
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