Bitcoin Daily Chart Alert - Corrective Bounce Monday - Mar 12
Editor's Note: Welcome to Kitco's new 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 solidly higher in early U.S. trading Monday, on a big corrective rebound from last weekâ€™s selling pressure. Still, price action last week negated a near-term price uptrend and produced chart damage. Â However, more price gains this week would begin to repair last weekâ€™s technical damage. Stay tuned! Jim Wyckoff