Bitcoin daily chart alert - Collapse in volatility suggests bigger move coming - Nov. 6
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 prices are near steady in early U.S. trading Wednesday. Recent price action has choppy, quiet and sideways. This “collapse in volatility” suggests a much bigger price move is right over the horizon—maybe yet this week. The bulls still have the slight overall near-term technical advantage amid this pause. Stay tuned.