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Bitcoin daily chart alert - Bigger price move coming soon - Jan. 20

Jim Wyckoff

Kitco News

Welcome to Kitco News' 2022 outlook series. The new year will be filled with uncertainty as the Federal Reserve looks to pivot and tighten its monetary policies. At the same time, the inflation threat continues to grow, which means real rates will remain in low to negative territory. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2022.

(Kitco News) - Bitcoin-U.S. dollar prices are firmer in early U.S. trading Thursday. The recent “collapse in volatility” in daily price action suggests a bigger price move is right on the horizon. The bears have the firm overall near-term technical advantage as a price downtrend remains in place. That suggests that odds favor that bigger price move being on the downside. Stay tuned!

By Jim Wyckoff

For Kitco News

Contact jwyckoff@kitco.com
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