Bitcoin Jan. 30 daily chart alert – Bulls push price to 5-mo. high

Welcome to Kitco News’ 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.

(Kitco News) – Bitcoin-U.S. dollar prices are a bit weaker in early U.S. trading Monday, on some mild profit taking and a downside correction after the market hit a five-month high in overnight action. The BC bulls have the firm overall near-term technical advantage as a price uptrend is in place on the daily bar chart. The path of least resistance for prices in the near term remains sideways to higher. Stay tuned!

Bitcoin trades near $23,100 as institutions play a major role in the ongoing rally

By Jim Wyckoff

For Kitco News


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.