Bitcoin Daily Chart Alert - Chart Consolidation Late This Week - Aug 24
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 firmer in early U.S. trading Friday. This week’s price action has disappointed the bulls as prices pulled back from good gains earlier in the week. The recent chart consolidation, or sideways trading, puts the bears back in near-term technical control. Stay tuned!