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Bitcoin daily chart alert – Bulls still in strong control – Jan. 5

2 weeks ago
in Gold
2 min read
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Kitco News has launched its 2021 Outlook, which offers the most comprehensive coverage of precious metals markets in the new year. Trillions of dollars were pumped into financial markets in 2020 and that won’t come without consequences. Economists expect that investors will be Bracing For Inflation in 2021.

(Kitco News) – Bitcoin-U.S. dollar prices are weaker in early U.S. trading Tuesday, on a normal corrective pullback or pause from recent big gains that saw prices hit a record high last weekend. A strong price uptrend remains in place on the daily bar chart. Bulls still have the solid technical advantage and there are still no early clues that a market top is close at hand. Expect higher volatility on the upside and downside in the near term. Stay tuned!

By Jim Wyckoff

For Kitco News

Follow @jimwyckoff

Contactjwyckoff@kitco.com

www.kitco.com

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.





Read more:Bitcoin daily chart alert – Bulls still in strong control – Jan. 5

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