(Kitco News) – Bitcoin-U.S. dollar are a bit higher in early U.S. trading Monday, in a slow start to the trading week, compared to the past couple weeks. Recent price action formed a bearish symmetrical triangle pattern on the daily bar chart. The Bitcoin bears have the overall near-term technical advantage and prices are still in a near-term downtrend on the daily chart. 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.