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Bitcoin daily chart alert - Bears in command - Jun. 16

Kitco Media
By Jim Wyckoff
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Updated
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(Kitco News) - Bitcoin-U.S. dollar prices are weaker and near this week’s 1.5-year low in early U.S. trading Thursday. The bears have the strong near-term technical advantage amid a price downtrend in place on the daily bar chart. The bears have the power to push prices still lower in the near term. There are no early chart clues that a market bottom is close at hand. You will get those early clues right here. Stay tuned!

Bitcoin price nears $20k, Ethereum $1k on more volatility, SEC's Gensler warning
Kitco Media

Jim Wyckoff

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York. As a journalist, he has covered every futures market traded in the U.S., at one time or another.

Jim is the proprietor of the "Jim Wyckoff on the Markets" analytical, educational and trading advisory service. Jim also worked as a technical analyst for Dow Jones Newswires and as the senior market analyst with TraderPlanet.com. Jim is also a consultant with the highly respected "Pro Farmer" agricultural advisory service. Jim was also the head equities analyst at CapitalistEdge.com. He received his degree from Iowa State University in Ames, Iowa, where he studied journalism and economics.

Follow Jim daily on Kitco.com as he provides both AM and PM roundups and a daily Technical Special. 1 877 963-NEWS jwyckoff at kitco.com

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