Bitcoin Daily Chart Alert - Prices Hit 5-Week High Amid Price Uptrend- April 25
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 again in early U.S. trading Tuesday. Bulls are working on a fledgling price uptrend on the daily chart as prices hit a five-week high today. 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