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 areagain slightly higher in early U.S. trading Tuesday. Prices are still in adowntrend on the daily chart. The bears still have technical control to suggestmore sideways-to-lower price action in the near term. Stay tuned! Jim Wyckoff
By Jim WyckoffFor Kitco News
Follow @jimwyckoff