Bitcoin Aug. 30 chart alert—Bulls working to stabilize price

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(Kitco News)Bitcoin-U.S. dollar prices are again a bit firmer in early U.S. trading Tuesday. Bulls this week are working to stabilize prices and break the price downtrend that is still in place on the daily chart. However, bears still have the overall near-term technical advantage. 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!

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