Bitcoin daily chart alert - Bears keep price downtrend alive - Dec. 2
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 solidly lower in early U.S. trading Monday. Bears have the overall near-term technical advantage as prices are in a downtrend on the daily chart, from the October high—suggesting more sideways-to-lower trading action in the near term.Stay tuned.