Bitcoin Daily Chart Alert - Bulls Fade At Mid-Week - Aug. 14
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 again and hit a two-week low in early U.S. trading Wednesday. The crypto bulls are very disappointed their currency has not been boosted by the heightened geopolitical tensions in the market place. The Bitcoin bulls are losing their overall near-term technical advantage as a price uptrend on the daily bar chart has been negated. Stay tuned.