Bitcoin Daily Chart Alert - Bulls Try To Recover; Heavy Lifting Ahead - July 19
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 lower in early U.S. trading Friday. While prices are well up from this week’s low, which is a positive for the bulls, they have much work to do to stabilize the market, let alone restart a price uptrend. Right now it appears Bitcoin has put in at least a near-term market top. Next week’s trading action in Bitcoin will be extra important. Stay tuned.