/

Bitcoin August 21 daily chart alert - Bulls steady the market late this week

By Jim Wyckoff

Published:

Aug 21, 2025 - 12:25 PM

Updated:

Aug 21, 2025 - 12:27 PM

Kitco News
The Leading News Source in Precious Metals

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.

Bitcoin August 21 daily chart alert - Bulls steady the market late this week teaser image

(Kitco News) - Thursday, August 21—August bitcoin futures prices are a bit weaker in early U.S. trading Thursday, after poking to a five-week low early Wednesday and then recovering mildly. Bulls are working to stabilize the market but are still in some technical trouble after prices last week scored a bearish “key reversal” down on the daily bar chart. The MACD indicator has also produced a bearish line crossover signal. These are early technical clues that a near-term market top is in place. See the important near-term technical support and resistance lines on the chart. Wyckoff’s Market Rating: 6.0 (out of 10.0, with 1.0 being the most bearish and 10.0 being the most bullish).

VaultChain - Trade digital metals online 24/7 using blockchain technology

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

Tags:

Bitcoin crypto August Bitcoin futures

Share

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.

cryptocurrencies

/

bitcoin

Bitcoin August 21 daily chart alert - Bulls steady the market late this week

By Jim Wyckoff

Kitco News
The Leading News Source in Precious Metals

Jim Wyckoff

Tags:

Share

Pierre Lassonde says the $40 trillion U.S. debt crisis is paving the way for gold to reach $17,250 an ounce

Gold prices gain on Iran optimism despite India import issues, silver producers see strong output in 2026 – Heraeus

Silver’s push above $80 reflects structural shift in the global economy

Gold will navigate near-term headwinds to reach $5,000/oz by year-end – ING’s Manthey

Spot silver surges, gold firms as CPI risk lifts yields - Kitco PM Report

cryptocurrencies

/

bitcoin

Bitcoin August 21 daily chart alert - Bulls steady the market late this week

By Jim Wyckoff

Kitco NewsThe Leading News Source in Precious Metals

Jim Wyckoff

Tags:

Share

Kitco News
The Leading News Source in Precious Metals