(Kitco News) – Wednesday, August 9–September Bitcoin futures prices are slightly lower in early U.S. trading Wednesday, following good gains posted Tuesday. While prices continue in a sideways and choppy grind, the bulls have gained a bit of upside momentum and have the slight near-term technical advantage. However, bulls need to show more power this week to suggest more upside can be attained in the near term. See the support and resistance lines on the chart. The direction in which prices break out above the resistance line or below the support line is likely to be the direction of the next trending price move in the market.
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