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Bitcoin Daily Chart Alert - Prices Pounded On U.S. Gov’t Crypto Criticism - July 17

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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 futures prices have been hammered to a four-week low at mid-week. A price uptrend on the daily bar chart has now been negated to suggest Bitcoin has put in at least a near-term market top. Prices early Tuesday appeared to be weathering pretty well a serious bashing from U.S. government officials the past few days, including President Trump. But then a tongue-lashing delivered by U.S. lawmakers later Tuesday to a FaceBook official regarding Libra appears to have tipped the bullish boat. Stay tuned.

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