Bitcoin Daily Chart Alert - Sideways Trading Favors Bulls - Aug 20
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 weaker in early U.S. trading Monday. The bulls are working prices sideways and have stopped the downtrend on the daily chart, to suggest a near-term market bottom is in place. Stay tuned!