(Kitco News) – Bitcoin-U.S. dollar prices hit another four-week low in early U.S. trading Thursday. The bulls have lost their overall near-term technical advantage as a price uptrend on the daily bar chart has been soundly negated with this week’s downside price action. Bears have momentum to push prices still lower in the near term. Stay tuned.
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.