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    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h286">A normal pullback </a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h395">Bulls are still in control </a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    The Bitcoin (BTC) price recently dipped to an intraday low of $9,195, which made many traders question whether or not the bulls are still in the driver's seat.&nbsp;
    
    However, Kitco's chief analyst Jim Wyckoff is certain there is <a rel="nofollow" target="_blank" href="https://www.kitco.com/news/2020-01-31/Bitcoin-daily-chart-alert-Bulls-enjoying-firm-price-uptrend-Jan-31.html">no need to worry</a> about the dissipating rally.&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    A normal pullback&nbsp;
    
    Wyckoff described the recent BTC price drop as a "normal corrective&nbsp;pullback"&nbsp;preceded by a streak of stellar gains that were recorded earlier this week.&nbsp;
    
    <blockquote>
    "Bitcoin-U.S. dollar prices&nbsp;are lower in early U.S. trading Friday, on a normal corrective pullback from this week’s good gains that saw prices hit an 11-week high," Wyckoff wrote.&nbsp;&nbsp;
    </blockquote>
    <em>image by&nbsp;<a rel="nofollow" target="_blank" href="https://www.kitco.com/news/2020-01-31/Bitcoin-daily-chart-alert-Bulls-enjoying-firm-price-uptrend-Jan-31.html">kitco.com</a></em>
    Bitcoin gained almost 12 percent in just five days and crossed the psychologically important <a rel="nofollow" target="_blank" href="#">$9,500 level</a>, which is why such a correction was fully expected by traders.&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Bulls are still in control&nbsp;
    
    Bitcoin is about to have its best January in seven years, which is why it's highly important for the bulls not to lose ground on the brink of the pivotal monthly close to keep the revival narrative alive.&nbsp;Wyckoff is convinced that they still have "a short-term technical advantage" over the bears and predicts more upside price action.&nbsp;
    
    <blockquote>
    "The Bitcoin bulls are enjoying a price uptrend in place on the daily chart and have the firm near-term technical advantage, to suggest more upside price action in the near term."&nbsp;&nbsp;
    </blockquote>
    
    As reported by U.Today, trader Josh Rager said that things would get <a rel="nofollow" target="_blank" href="#">"extra bullish"</a> for Bitcoin (BTC) if it managed to close above $9,250 on the monthly chart.&nbsp;
    
    At press time, BTC is changing hands at $9,255 on the Bitstamp exchange.&nbsp;&nbsp;
    ') (Line: 1145)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
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  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3186 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h286">A normal pullback </a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h395">Bulls are still in control </a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    The Bitcoin (BTC) price recently dipped to an intraday low of $9,195, which made many traders question whether or not the bulls are still in the driver's seat.&nbsp;
    
    However, Kitco's chief analyst Jim Wyckoff is certain there is <a rel="nofollow" target="_blank" href="https://www.kitco.com/news/2020-01-31/Bitcoin-daily-chart-alert-Bulls-enjoying-firm-price-uptrend-Jan-31.html">no need to worry</a> about the dissipating rally.&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    A normal pullback&nbsp;
    
    Wyckoff described the recent BTC price drop as a "normal corrective&nbsp;pullback"&nbsp;preceded by a streak of stellar gains that were recorded earlier this week.&nbsp;
    
    <blockquote>
    "Bitcoin-U.S. dollar prices&nbsp;are lower in early U.S. trading Friday, on a normal corrective pullback from this week’s good gains that saw prices hit an 11-week high," Wyckoff wrote.&nbsp;&nbsp;
    </blockquote>
    <em>image by&nbsp;<a rel="nofollow" target="_blank" href="https://www.kitco.com/news/2020-01-31/Bitcoin-daily-chart-alert-Bulls-enjoying-firm-price-uptrend-Jan-31.html">kitco.com</a></em>
    Bitcoin gained almost 12 percent in just five days and crossed the psychologically important <a rel="nofollow" target="_blank" href="#">$9,500 level</a>, which is why such a correction was fully expected by traders.&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Bulls are still in control&nbsp;
    
    Bitcoin is about to have its best January in seven years, which is why it's highly important for the bulls not to lose ground on the brink of the pivotal monthly close to keep the revival narrative alive.&nbsp;Wyckoff is convinced that they still have "a short-term technical advantage" over the bears and predicts more upside price action.&nbsp;
    
    <blockquote>
    "The Bitcoin bulls are enjoying a price uptrend in place on the daily chart and have the firm near-term technical advantage, to suggest more upside price action in the near term."&nbsp;&nbsp;
    </blockquote>
    
    As reported by U.Today, trader Josh Rager said that things would get <a rel="nofollow" target="_blank" href="#">"extra bullish"</a> for Bitcoin (BTC) if it managed to close above $9,250 on the monthly chart.&nbsp;
    
    At press time, BTC is changing hands at $9,255 on the Bitstamp exchange.&nbsp;&nbsp;
    ') (Line: 1145)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
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  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3183 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h286">A normal pullback </a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h395">Bulls are still in control </a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    The Bitcoin (BTC) price recently dipped to an intraday low of $9,195, which made many traders question whether or not the bulls are still in the driver's seat.&nbsp;
    
    However, Kitco's chief analyst Jim Wyckoff is certain there is <a rel="nofollow" target="_blank" href="https://www.kitco.com/news/2020-01-31/Bitcoin-daily-chart-alert-Bulls-enjoying-firm-price-uptrend-Jan-31.html">no need to worry</a> about the dissipating rally.&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    A normal pullback&nbsp;
    
    Wyckoff described the recent BTC price drop as a "normal corrective&nbsp;pullback"&nbsp;preceded by a streak of stellar gains that were recorded earlier this week.&nbsp;
    
    <blockquote>
    "Bitcoin-U.S. dollar prices&nbsp;are lower in early U.S. trading Friday, on a normal corrective pullback from this week’s good gains that saw prices hit an 11-week high," Wyckoff wrote.&nbsp;&nbsp;
    </blockquote>
    <em>image by&nbsp;<a rel="nofollow" target="_blank" href="https://www.kitco.com/news/2020-01-31/Bitcoin-daily-chart-alert-Bulls-enjoying-firm-price-uptrend-Jan-31.html">kitco.com</a></em>
    Bitcoin gained almost 12 percent in just five days and crossed the psychologically important <a rel="nofollow" target="_blank" href="#">$9,500 level</a>, which is why such a correction was fully expected by traders.&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Bulls are still in control&nbsp;
    
    Bitcoin is about to have its best January in seven years, which is why it's highly important for the bulls not to lose ground on the brink of the pivotal monthly close to keep the revival narrative alive.&nbsp;Wyckoff is convinced that they still have "a short-term technical advantage" over the bears and predicts more upside price action.&nbsp;
    
    <blockquote>
    "The Bitcoin bulls are enjoying a price uptrend in place on the daily chart and have the firm near-term technical advantage, to suggest more upside price action in the near term."&nbsp;&nbsp;
    </blockquote>
    
    As reported by U.Today, trader Josh Rager said that things would get <a rel="nofollow" target="_blank" href="#">"extra bullish"</a> for Bitcoin (BTC) if it managed to close above $9,250 on the monthly chart.&nbsp;
    
    At press time, BTC is changing hands at $9,255 on the Bitstamp exchange.&nbsp;&nbsp;
    ') (Line: 1145)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
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    Twig\Template->render(Array, Array) (Line: 40)
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  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3186 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h286">A normal pullback </a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h395">Bulls are still in control </a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    The Bitcoin (BTC) price recently dipped to an intraday low of $9,195, which made many traders question whether or not the bulls are still in the driver's seat.&nbsp;
    
    However, Kitco's chief analyst Jim Wyckoff is certain there is <a rel="nofollow" target="_blank" href="https://www.kitco.com/news/2020-01-31/Bitcoin-daily-chart-alert-Bulls-enjoying-firm-price-uptrend-Jan-31.html">no need to worry</a> about the dissipating rally.&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    A normal pullback&nbsp;
    
    Wyckoff described the recent BTC price drop as a "normal corrective&nbsp;pullback"&nbsp;preceded by a streak of stellar gains that were recorded earlier this week.&nbsp;
    
    <blockquote>
    "Bitcoin-U.S. dollar prices&nbsp;are lower in early U.S. trading Friday, on a normal corrective pullback from this week’s good gains that saw prices hit an 11-week high," Wyckoff wrote.&nbsp;&nbsp;
    </blockquote>
    <em>image by&nbsp;<a rel="nofollow" target="_blank" href="https://www.kitco.com/news/2020-01-31/Bitcoin-daily-chart-alert-Bulls-enjoying-firm-price-uptrend-Jan-31.html">kitco.com</a></em>
    Bitcoin gained almost 12 percent in just five days and crossed the psychologically important <a rel="nofollow" target="_blank" href="#">$9,500 level</a>, which is why such a correction was fully expected by traders.&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Bulls are still in control&nbsp;
    
    Bitcoin is about to have its best January in seven years, which is why it's highly important for the bulls not to lose ground on the brink of the pivotal monthly close to keep the revival narrative alive.&nbsp;Wyckoff is convinced that they still have "a short-term technical advantage" over the bears and predicts more upside price action.&nbsp;
    
    <blockquote>
    "The Bitcoin bulls are enjoying a price uptrend in place on the daily chart and have the firm near-term technical advantage, to suggest more upside price action in the near term."&nbsp;&nbsp;
    </blockquote>
    
    As reported by U.Today, trader Josh Rager said that things would get <a rel="nofollow" target="_blank" href="#">"extra bullish"</a> for Bitcoin (BTC) if it managed to close above $9,250 on the monthly chart.&nbsp;
    
    At press time, BTC is changing hands at $9,255 on the Bitstamp exchange.&nbsp;&nbsp;
    ') (Line: 1145)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
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Bitcoin (BTC) Bulls Still Have Technical Advantage After 'Normal' Pullback: Jim Wyckoff

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Fri, 31/01/2020 - 18:15
Bitcoin (BTC) Bulls Still Have Technical Advantage After 'Normal' Pullback: Jim Wyckoff
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The Bitcoin (BTC) price recently dipped to an intraday low of $9,195, which made many traders question whether or not the bulls are still in the driver's seat. 

However, Kitco's chief analyst Jim Wyckoff is certain there is no need to worry about the dissipating rally. 

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A normal pullback 

Wyckoff described the recent BTC price drop as a "normal corrective pullback" preceded by a streak of stellar gains that were recorded earlier this week. 

"Bitcoin-U.S. dollar prices are lower in early U.S. trading Friday, on a normal corrective pullback from this week’s good gains that saw prices hit an 11-week high," Wyckoff wrote.  

Bitcoin Price
image by kitco.com

Bitcoin gained almost 12 percent in just five days and crossed the psychologically important $9,500 level, which is why such a correction was fully expected by traders. 

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Bulls are still in control 

Bitcoin is about to have its best January in seven years, which is why it's highly important for the bulls not to lose ground on the brink of the pivotal monthly close to keep the revival narrative alive. Wyckoff is convinced that they still have "a short-term technical advantage" over the bears and predicts more upside price action. 

"The Bitcoin bulls are enjoying a price uptrend in place on the daily chart and have the firm near-term technical advantage, to suggest more upside price action in the near term."  

As reported by U.Today, trader Josh Rager said that things would get "extra bullish" for Bitcoin (BTC) if it managed to close above $9,250 on the monthly chart. 

At press time, BTC is changing hands at $9,255 on the Bitstamp exchange.  

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