Bitcoin Daily Chart Alert - "Collapse in Volatility" Suggests Bigger Price Move On Horizon - Oct. 3
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 again slightly lower in early U.S. trading Wednesday. Not much new in this market recently. However, the recent “collapse in volatility” in prices on the daily bar chart suggests a bigger price move is coming soon. But right now, amid choppy trading, the bears still have the overall near-term technical advantage. Stay tuned!