Editor’s Note: Welcome to Kitco’s Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price trend reversals. Jim’s unique and exclusive daily technical report is an absolute must for any trader/investor/market watcher who closely follows Bitcoin.
(Kitco News) – Bitcoin-U.S. dollar futures prices are slightly down in early U.S. trading Wednesday. The quiet pause continues. Bulls and bears are presently on a level near-term technical playing field amid choppy and sideways trading that has turned quiet. This “collapse in volatility” recently suggests a much bigger price move is right on the horizon—likely coming this week. Stay tuned.
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