(Kitco News) – Bitcoin-U.S. dollar prices are solidly higher in early U.S. trading Wednesday, after getting hit very hard Monday and Tuesday in the aftermath of prices hitting a record high last weekend. Bitcoin bulls are now working to stabilize prices before chart damage occurs. So far, no serious chart damage has been inflicted in this downside correction. Further losses this week would spook the weaker-handed buyers who entered the Bitcoin market just recently. Trading the rest of this week will be extra important. More strong price pressure this week would be a clue that a near-term market top is in place. Stay tuned!
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