Bitcoin daily chart alert - Bearish diamond pattern forms - Nov. 5

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(Kitco News) - Bitcoin-U.S. dollar are weakeragain in early U.S. trading Friday. Bulls are keeping alive a price uptrend onthe daily bar chart. However, the recent sideways and choppy trading has nowformed a potentially bearish diamond pattern on the daily bar chart. TheBitcoin bulls have the overall near-term technical advantage but need to showfresh power soon. Staytuned!

By Jim Wyckoff

For Kitco News

Follow @jimwyckoffjwyckoff@kitco.comwww.kitco.com 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.

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