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