Bitcoin Daily Chart Alert - Bears Back In Technical Control - June 12
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 slightly higher in early U.S. trading, on a tepid bounce after hitting a nine-week low earlier this week. Bears are back in firm near-term technical control. A price downtrend on the daily bar chart has been restarted, to suggest more downside pressure in the near term. Stay tuned!