Bitcoin Daily Chart Alert - Price Uptrend In Place - April 27
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. Bulls have had the better week. Prices hit a five-week high on Tuesday. A fledgling price uptrend is in place on the daily chart. The Bitcoin bulls have the near-term technical advantage. Thus, the overall path of least resistance remains sideways to higher. Stay tuned! Jim Wyckoff