(Kitco News) – Bitcoin-U.S. dollar prices are weaker in early U.S. trading Thursday. Recent heavy selling pressure has created a potentially bearish pennant pattern on the daily chart. The BC bulls need to step up and show fresh power soon and need to keep prices above key chart support at last weekend’s low in order to keep the price uptrend on the daily chart alive. The bears are winning the battle this week. 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.