Bitcoin Daily Chart Alert - Minor Bear Flag Has Bulls' Attention - Jun. 11
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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 Tuesday. Bulls still have the overall near-term technical advantage. However, price action just recently has formed a minor bear flag pattern. Bulls need to show power the rest of this week to kill that potentially bearish chart pattern. Remember to stay tuned right here because thatâ€™s where youâ€™ll get more of those early clues on price trend changes, or price acceleration!