Bitcoin Daily Chart Alert - Quiet Trading Week But Volatility Will Pick Up - Oct. 5
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. Not much new in this market all this week and it’s been quiet trading. However, this recent “collapse in volatility” in prices on the daily bar chart suggests a bigger price move is coming soon—maybe later Friday. Right now, amid choppy trading, the bears still have the overall near-term technical advantage. Stay tuned!