Bitcoin Daily Chart Alert - Bear Flag Suggests More Downside - Mar 14
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 are lower in early U.S. trading Wednesday. The recent downside price pressure and then a pause have created a bear flag pattern on the daily bar chart. That suggests more selling pressure in the near term. Stay tuned! Jim Wyckoff