USD\EUR 0.9036 CNY\EUR 0.1284 CHF\EUR 0.9116 CAD\EUR 0.6796 AUD\EUR 0.6153 EUR\USD 1.1067 CNY\USD 0.1421 CHF\USD 1.0089 CAD\USD 0.7521 AUD\USD 0.6810

Bitcoin daily chart alert – Bulls fading late this week – Nov. 8

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Editor’s Note: Welcome to Kitco’s 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. Prices may now be seeing a bearish downside “breakout” from the recent sideways trading range. The bulls need to step up and show fresh power soon to avoid serious near-term technical damage being inflicted. Stay tuned.