Bitcoin Daily Chart Alert – Bears Back In Control – 6 August

Editor's Note: Welcome to Kitco's new Bitcoin daily technical notice. Every Kitco trading day veteran, Jim Wyckoff, will provide a brief, concise and easy-to-understand technical brief on Bitcoin. It is important to note that Jim will collect short-term charts and technical studies, and will then alert you to signals he sees regarding potential larger price movements or price trend reversals. Jim's exclusive and exclusive daily technical report is an absolute must for any market trader / investor / observer who closely monitors Bitcoin.

(Kitco News) Bitcoin-U.S. Prices in dollars are lower and hover near the minimum of three weeks on Friday in the first days of trading in the United States. The bears have regained their short-term technical advantage in the midst of the recent price decline. Significant short-term technical damage was inflicted to suggest more downward pressure. Stay tuned!

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