(Kitco News) – Monday, August 28–September Bitcoin futures prices are slightly lower in early U.S. trading Monday. The recent pause in price action is not bullish and suggests the bears are storing up power for another leg down in prices. A price downtrend line also remains in place on the daily chart. The bears have the overall near-term technical advantage.
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.