Bitcoin Daily Chart Alert - Bulls Disappointed In No Safe-Haven Bid - Aug. 13
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 Tuesday. The crypto bulls are disappointed their currency has not been boosted by the heightened geopolitical tensions in the market place at present, which have boosted safe-haven assets like gold and U.S. Treasuries. Still, the Bitcoin bulls have the overall near-term technical advantage are still working on a price uptrend on the daily bar chart. Stay tuned.