Bitcoin daily chart alert—Bulls, bears in pitched battle
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
(Kitco News) Bitcoin-U.S. dollar prices are modestly higher in early U.S. trading Thursday. Trading remains very choppy and volatile as bulls and bears fight for control of the market. Bulls have stabilized prices after the recent strong selling pressure. However, a price uptrend on the daily bar chart was negated last week. The bulls still have the slight overall technical advantage but have faded and need to show fresh power to restart the price uptrend on the daily chart. Stay tuned!
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.