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Bitcoin May 11 daily chart alert - Bears gain the slight technical edge

Kitco Media
By Jim Wyckoff
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(Kitco News) - May Bitcoin futures prices are weaker in early U.S. trading Thursday. Prices Wednesday fell below key support at around 27,000, hit a three-week low, and prices are now in a gentle downtrend. The BC bears have gained the slight overall near-term technical advantage

Bitcoin and Ethereum fees skyrocket due to meme coins and BRC-20s
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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