Bitcoin Daily Chart Alert - Bulls Fading Early This Week - June 5
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 Tuesday. The bulls are trying to stabilize the market, but have lost momentum early this week. Bulls need to show power soon, as the downtrend on the daily bar chart is about to be restarted. Stay tuned!