Bitcoin Daily Chart Alert - More Quiet Trading; Calm Before Storm? - Feb. 1
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 more quiet trading Friday morning. The market hit a six-week low earlier this week. Bears have the firm overall near-term technical advantage. The quieter price action recently is likely to produce a much bigger price move in the near term. Stay tuned right here!