Bitcoin Daily Chart Alert - Trading Turns Quiet Again - Jan. 15
Editor's Note: Welcome to Kitco's 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 Tuesday. Trading has turned quiet again, suggesting a bigger price move is likely, possibly as soon as this week. Bears have the near-term technical advantage. Bulls need to show power soon to avoid a bearish downside “breakout” from the trading range. Stay tuned!