Bitcoin daily chart alert - Prices hit 6-month low Monday; bears in firm control - Nov. 25
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 weaker and hit another six-month low in early U.S. trading Monday. Bears have the solid near-term technical advantage. Prices are trending lower from the October high, the downtrend is strengthening and more downside price action is likely in the near term. Stay tuned.