Bitcoin Daily Chart Alert - Prices Drop Below Key Technical Support - Jan 10
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 continue to sell off from the January high, including a drop in prices Wednesday below important chart support at $14,000 that has inflicted fresh chart damage. The bears are now energized to suggest a challenge of the lows scored in December, or below. Stay tuned!