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Bitcoin Dec. 19 daily chart alert - Bulls fade as price uptrend negated

Jim Wyckoff

Kitco News

Welcome to Kitco News' 2023 outlook series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.

(Kitco News) - Bitcoin-U.S. dollar prices are just a bit lower in early U.S. trading Monday, following strong selling pressure late last week that negated a price uptrend on the daily chart. Bulls have lost their overall near-term technical advantage and the bears now have some momentum on their side. Stay tuned!

 Kitco News wins the 'Crypto Media Channel of the Year' award at AIBC Malta
By Jim Wyckoff

For Kitco News

Contact jwyckoff@kitco.com
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.