Bitcoin Daily Chart Alert - Late-Week Pause Is Not Bullish - Jan 19
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 near steady in early U.S. trading Friday, as the market pauses from sharp selling pressure seen recently. This pause is not bullish and suggests the bears are just resting up before their next downside assault. Major technical damage has been inflicted recently, to suggest still more downside price pressure is on the horizon. Stay tuned!