Bitcoin Daily Chart Alert - Bears In Firm Technical Control - June 25
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 up in early U.S. trading Monday, on a tepid rebound from strong selling pressure last Friday that pushed prices to a multi-month low. Bears are in firm near-term technical control amid a price downtrend in place on the chart, to suggest more sideways-to-lower price action in the near term.Stay tuned!