Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here!
(Kitco News) – Bitcoin-U.S. dollar prices are a bit weaker in early U.S. trading Friday. Bears have the slight overall near-term technical advantage. The recent pause has produced a “collapse in volatility,” which suggests a bigger price move is on the horizon. Technical odds slightly favor that move being to the downside. Market prices tend to vacillate between periods of higher volatility and periods of lower volatility, and some higher volatility is now due. 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.