Bitcoin Daily Chart Alert - Bulls Fading Late This Week - May 11
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 and hit a two-week low in early U.S. trading Friday. Bulls are fading as a price uptrend on the daily chart has been negated. Bears have downside momentum now. Stay tuned! Jim Wyckoff