Bitcoin daily chart alert—choppy, sideways trading recently
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 weaker in in early U.S. trading Tuesday. While bulls have stopped the recent downside pressure, they need to show fresh power soon to regain the near-term technical advantage. This week’s price action could be extra important in determining the price trend heading into September. . Stay tuned.