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Bitcoin Daily Chart Alert - Bulls Work To Stop The Bleeding - July 18

Kitco News

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 are near steady as bulls are trying to stabilize the market after prices were hammered to a four-week low Wednesday. A price uptrend on the daily bar chart has been negated to suggest Bitcoin has put in at least a near-term market top. Serious bashing of crypto currencies from U.S. government and European officials the past few days, including President Trump and the U.S. Treasury secretary, have spooked the Bitcoin bulls. Stay tuned.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.