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Bitcoin Nov. 28 daily chart alert - Quieter cryptos amid geopolitical uncertainty

Kitco Media
By Jim Wyckoff
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Updated
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(Kitco News) - Bitcoin-U.S. dollar prices are slightly lower in early U.S. trading Monday. While the BC bulls have stabilized prices since they hit a two-year low last week, the bulls are disappointed BC prices have not seen safe-haven demand amid the China civil unrest over the weekend. The BC bears have the overall near-term technical advantage. However, the recent sideways price action very slightly favors the bulls. Stay tuned right here!

Mathematical model predicts Bitcoin will hit a bottom of $14,500 - Daniele Bernardi
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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