Bitcoin Daily Chart Alert - Bearish Chart Pattern Forms - June 18
Editor's Note: Welcome to Kitco's new 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 prices areslightly lower in early U.S. trading Monday. Bears are in firm near-termtechnical control. A price downtrend remains in place on the daily bar chartand a bearish pennant pattern has now formed, to suggest still more downsidepressure in the near term. Stay tuned!
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