Forex market watcher

Editor’s Note: Welcome to Kitco’s new Bitcoin Daily Forex market watcher 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.

Serious technical damage was inflicted in recent weeks and prices remain in a downtrend. However, the bulls have stabilized to market to suggest a near-term bottom is in place. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. 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. It’s been a quieter week for the crypto currency. Dollar remains trapped in a price downtrend on 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. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments.

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