Bitcoin Oct. 3 chart alert - Bulls and bears fight for control

By Jim Wyckoff

Published:

Oct 03, 2022 - 12:29 PM

Updated:

Oct 03, 2022 - 5:32 PM

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(Kitco News) - Bitcoin-U.S. dollar prices are a bit weaker in continued quieter trading Monday. Prices have been grinding sideways recently. This has created a “collapse in volatility.” The collapse in volatility suggests a bigger price move is just over the horizon. The bulls and bears are fighting for near-term technical control, with neither having any success. A move in BC prices above the September high would empower the bulls to suggest a price uptrend developing, and a move below the September low would recharge the bears and restart a price downtrend. Stay tuned!

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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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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.

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Bitcoin Oct. 3 chart alert - Bulls and bears fight for control

By Jim Wyckoff

Kitco News
The Leading News Source in Precious Metals

Jim Wyckoff

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news

Bitcoin Oct. 3 chart alert - Bulls and bears fight for control

By Jim Wyckoff

Kitco NewsThe Leading News Source in Precious Metals

Jim Wyckoff

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Share

Kitco News
The Leading News Source in Precious Metals