Bitcoin Daily Chart Alert - Recent Pause Is Not Bullish - Dec. 12
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 higher Wednesday. Prices are presently in a pause mode, but still hovering not far above the recent more-than-one-year low. The bears remain in firm technical control, to still suggest more downside price action in the near term. Stay tuned!