Editor’s Note: Welcome to Kitco’s Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price trend reversals. Jim’s unique and exclusive daily technical report is an absolute must for any trader/investor/market watcher who closely follows Bitcoin.
(Kitco News) – Bitcoin-U.S. dollar prices are slightly lower in early U.S. trading Friday, after a solid down-day on Thursday. Trading has been choppy and sideways for three weeks. Bulls need to show fresh power soon to avoid fresh chart damage being inflicted and to keep prices in the trading range—and avoiding a bearish downside “breakout” from it. Stay tuned!
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