Bitcoin Daily Chart Alert - Bulls Try To Stabilize The Market - Jan 24
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 pricesarefirmer in early U.S. trading Wednesday. Not much new at mid-week. Bitcoin-U.S.Dollar remains trapped in a price downtrend on the daily chart. Bears have theoverall near-term technical advantage. That means the path of least resistancefor prices remains sideways to lower. It will take a move in prices above stiffchart resistance at $14,000 to revive the bulls. Stay tuned!
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