Bitcoin Daily Chart Alert – Bulls Fade This Week – Aug 3

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 prices are lower and hit a two-week low in early U.S. trading Friday. The bulls have faded badly this week and the price uptrend is in jeopardy. Bulls need to step up and show fresh power very soon to…