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Bitcoin June 22 daily chart alert - Bulls gain more power, but market now overbought

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Bitcoin June 22 daily chart alert - Bulls gain more power, but market now overbought bitcoin Cryptocurrencies

- Thursday, June 22--July Bitcoin futures prices are sharply higher and hit a new contract high in early U.S. trading Thursday.

The bulls have the solid overall near-term technical advantage following this week’s strong price gains. However, the market is now short-term overbought, technically, and due for a normal downside correction very soon.

 

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