(Kitco News) - Thursday, February 12--February bitcoin futures prices are near steady in early U.S. trading Thursday. Price action is pausing this week after prices hit a contract low and 15-month low last Friday. This is also a “collapse in volatility” that suggests a bigger price move is right on the horizon. Bears still have the firm overall near-term technical advantage as prices are in a downtrend on the daily bar chart. See the important technical support and resistance lines on the chart. Wyckoff’s Market Rating: 1.5 (out of 10.0, with 2.0 being the most bearish and 10.0 being the most bullish).
