Bitcoin Daily Chart Alert - Bulls Work To Stop The Bleeding - Nov. 16
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 up early Friday after careening to a new low for the year on Wednesday. The Bitcoin bears have the solid overall near-term technical advantage and still have momentum to suggest more downside price pressure in the near term. Stay tuned!