Bitcoin daily chart alert – Bulls work to stabilize market – Mar. 17

Fibo Quantum

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(Kitco News)Bitcoin-U.S. dollar prices are higher in early U.S. trading Tuesday. Bulls are working to stabilize prices in an environment where “sell what you can” is prevalent among traders and investors. Bitcoin bears are in solid near-term technical control amid a price downtrend in place on the daily bar chart. A bear flag or bearish pennant pattern may be forming on the daily bar chart. The path of least resistance for prices will remain sideways to lower until a bullish technical clue arises—and you will get that clue right here so stay tuned!

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