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 arelower in early U.S. trading Tuesday, on some chart consolidation followingrecent good gains. This pause is not bearish and the bulls still have theoverall near-term chart advantage to suggest sideways to higher price action inthe near term.Stay tuned!
By Jim WyckoffFor Kitco News
Follow @jimwyckoff