Bitcoin Daily Chart Alert - Bulls Now Fading, Need To Show Fresh Power - Aug 1
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 again in early U.S. trading Wednesday. The bulls are now fading and need to show fresh power soon to keep the uptrend in place on the daily bar chart. More losses this week would produce significant near-term technical damage. Stay tuned!