Bitcoin Daily Chart Alert - Bears Remain In Technical Control - Jan 30
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 pricesare weaker in early U.S. trading Tuesday. It's been a quieter period for thecrypto currency. However, bitcoin-U.S. Dollar remains in a price downtrend onthe daily chart. Bears have the overall near-term technical advantage. Thatmeans the path of least resistance for prices remains sideways to lower. Itwill take a move in prices above chart resistance at $13,000 to give the bullsa technical boost.Stay tuned!
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