(Kitco News) - Friday, February 28--March bitcoin futures prices are sharply down and hit a 3.5-month low in early U.S. trading Friday. Bears have the solid technical advantage and have gained more power as a price downtrend is firmly in place on the daily bar chart. There are no early clues that a market bottom is close at hand. See the important near-term technical support and resistance lines on the chart. Wyckoff’s Market Rating: 2.5 (out of 10.0, with 1.0 being the most bearish and 10.0 being the most bullish).
