Bitcoin Daily Chart Alert - Bears Maintaining Technical Advantage - Jan 26
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 again in early U.S. trading Friday. It's been a quieter week forthe crypto currency. Bitcoin-U.S. Dollar remains trapped in a price downtrendon the daily chart. Bears still have the overall near-term technical advantage.That means the path of least resistance for prices remains sideways to lower. Itwill take a move in prices above stiff chart resistance at $14,000 to revivethe bulls. Stay tuned!
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