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. dollarprices arelowerin early U.S. trading Thursday. Bears have the overall near-term technicaladvantage and now have downside momentum to soon test chart support at theMarch low, and even the February low, or below.Stay tuned! Jim Wyckoff
By Jim WyckoffFor Kitco News
Follow @jimwyckoff