Bitcoin daily chart alert - Bigger price move coming very soon - Dec. 9
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 Monday. The recent “collapse in volatility” in daily price action suggests a bigger price move is coming very soon—likely this week. 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.