(Kitco News) - Friday, August 15—August bitcoin futures prices are a bit higher Friday morning, after prices Thursday spiked to a contract/record high in early and then sold off sharply late in the day to score a bearish “key reversal” down on the daily bar chart. That is one technical clue that a near-term market top is in place. Bulls still have the overall near-term technical edge. A price uptrend is in place on the daily chart. See the important near-term technical support and resistance lines on the chart. Wyckoff’s Market Rating: 7.0 (out of 10.0, with 1.0 being the most bearish and 10.0 being the most bullish).


