Bitcoin Daily Chart Alert - Chart Consolidation Thursday - April 26
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 slightly lower in early U.S. trading Thursday. Prices are seeing a corrective pullback from recent good gains that saw prices hit a five-week high Tuesday. A fledgling price uptrend is in place on the daily chart. The Bitcoin bulls still have the near-term technical advantage. Thus, the overall path of least resistance remains sideways to higher. Stay tuned! Jim Wyckoff