Bitcoin Daily Chart Alert - Prices Pop To 7-Week High - May 4
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 firmer in early U.S. trading Friday, and did poke to a seven-week high following Thursday’s decent gains. Thursday’s upside price action has given the bulls fresh technical momentum, to suggest still more appreciation in the near term. A price uptrend remains in place on the daily chart. Stay tuned! Jim Wyckoff