Make Kitco Your Homepage

News Bites

Bitcoin Feb. 3 daily chart alert - Price uptrend alive and well

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 weaker in early U.S. trading Friday, on a normal corrective pullback after hitting a six-month high Thursday. The BC bulls still have the solid overall near-term technical advantage as a price uptrend is firmly in place on the daily bar chart. The bulls still have the power to push prices still higher in the near term. Stay tuned!

 Global retailers adopt CBDCs and Bitcoin in signs that crypto may go mainstream
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.