Bitcoin Daily Chart Alert - Bullish Upside Breakout Friday- April 20
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 higher in early U.S. trading Friday, and have scored a bullish upside “breakout” from the recent sideways trading range. It looks like bitcoin will also score a bullish weekly high close on Friday. All of the above suggest higher price action early next week. Stay tuned! Jim Wyckoff