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Bitcoin daily chart alert - Bears holding on to near-term technical advantage - Dec. 6

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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 Friday. Prices this week have seen a corrective rebound from the recent selling pressure. Bulls need to show more power soon. Bears still have the overall near-term technical advantage as prices are still in a downtrend on the daily chart, from the October high. Stay tuned.

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