Bitcoin Daily Chart Alert - Bulls, Bears Struggle For Control - Jan 8
Editor's Note: Welcome to Kitco's new 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 have backed off from last week’s high, as neither the bulls nor the bears have been able to gain a lot of traction amid choppy trading recently. It will take a move in prices above last week’s high to reignite the Bitcoin bulls. A move below chart support at $14,000 would charge up the bears. Stay tuned!