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Bitcoin daily chart alert - Bears may now be exhausted - Sep. 21

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(Kitco News) - Bitcoin-U.S. dollar are higher in early U.S. trading Tuesday, after hitting a six-week low overnight. The spike down overnight and then solid rebound today has created a potential selling “exhaustion tail” on the daily chart, to begin to suggest the bears ran out of gas and that a near-term low is in place. However, the bulls are still in trouble and need to show more power soon to negate a fledgling price downtrend in place on the daily chart. More selling pressure in Bitcoin this week would produce more serious near-term technical damage. Stay tuned!

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