Bitcoin Daily Chart Alert - Prices Lower On Consolidation - July 31
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 in early U.S. trading Tuesday, on some chart consolidation following recent good gains. This pause is not bearish and the bulls still have the overall near-term chart advantage to suggest sideways to higher price action in the near term. Stay tuned!