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Bitcoin Nov. 16 daily chart alert - Bearish pennant pattern suggests more downside

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Cryptocurrencies Bitcoin Nov. 16 daily chart alert - Bearish pennant pattern suggests more downside

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- Bitcoin-U.S. dollar prices are weaker in early U.S. trading Wednesday. Recent price action has formed a bearish pennant pattern on the daily bar chart, which suggests a downside “breakout” from that pattern soon. BC bears have the firm overall near-term technical advantage. Stay tuned!

 

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