Bitcoin Daily Chart Alert - Prices Drop To 6-Wk Low, Bears in Control - Jan. 29
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 lower again Tuesday and hit a six-week low. Bears have the firm overall near-term technical advantage and have power to push prices still lower in the near term. Stay tuned right here! I will alert you to any early chart clues that suggest a low is in place and a rebound is coming. Stay tuned!