Make Kitco Your Homepage

Bitcoin daily chart alert - Price sinks to 5.5-month low - Jan. 21

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 sharply lower and hit a 5.5-month low in early U.S. trading Friday. I told you Thursday that the recent "collapse in volatility" in daily price action suggested a bigger price move was right on the horizon, and it would likely be on the downside—and it occurred Friday. The bears have the solid overall near-term technical advantage and gained more power today as a price downtrend remains in place on the daily bar 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.