Bitcoin Daily Chart Alert - Bears Have Technical Advantage - Sep 26
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 Wednesday. The bears have the overall near-term technical advantage at present. That means the path of least resistance for prices will remain sideways to lower until a significantly bullish technical signal develops. Stay tuned!