Bitcoin Daily Chart Alert - Bears Gaining Momentum - Jan 9
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 pricesareselling off from last week's high and the recent pressure has given the bearssome new technical momentum. A move in prices below chart support at $14,000would better energize the bears, to then suggest a challenge of the recent lowsscored in late December. Stay tuned!
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