Bitcoin Daily Chart Alert - This Week's Pause Is Not Bullish - Jan. 16
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 slightly up in early U.S. trading Wednesday. Trading has turned quiet and sideways, suggesting a bigger price move is likely, possibly as soon as this week. Bears have the near-term technical advantage, to suggest the bigger move will be to the downside. Stay tuned!