Bitcoin Daily Chart Alert - Bulls Have Momentum To Suggest More Upside - April 23
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 Monday. Bulls are working on a fledgling price uptrend on the daily chart. “The trend is your friend” in trading markets and the Bitcoin bulls have near-term technical control. Thus, the path of least resistance will remain sideways to higher until a bearish chart clue suggests otherwise. Stay tuned! Jim Wyckoff