(Kitco News) - Friday, August 22—August bitcoin futures prices are a bit weaker in early U.S. trading Friday, after dipping to a four-week low Thursday. Bears have gained some chart strength after prices last week scored a bearish “key reversal” down on the daily bar chart. The MACD indicator is also in a bearish posture at present. 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).
