Bitcoin August 21 daily chart alert - Bulls steady the market late this week
(Kitco News) - Thursday, August 21—August bitcoin futures prices are a bit weaker in early U.S. trading Thursday, after poking to a five-week low early Wednesday and then recovering mildly. Bulls are working to stabilize the market but are still in some technical trouble after prices last week scored a bearish “key reversal” down on the daily bar chart. The MACD indicator has also produced a bearish line crossover signal. These are early technical clues that a near-term market top is in place. See the important near-term technical support and resistance lines on the chart. Wyckoff’s Market Rating: 6.0 (out of 10.0, with 1.0 being the most bearish and 10.0 being the most bullish).
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