Bitcoin Daily Chart Alert - Collapse in Volatility Says Bigger Move Coming - Mar. 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 are near steady in early trading Friday. Prices are pausing in quiet trading this week. However, this “collapse in volatility” suggests a bigger price move is right over the horizon. Bulls are still working on a price uptrend on the daily chart but need to show fresh power soon to keep it alive. Stay tuned!