Bitcoin Daily Chart Alert - Bulls Now Fading Just A Bit - May 8
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 weaker again in early U.S. trading Tuesday. A price uptrend remains in place on the daily chart, but now just barely and the bulls need to show fresh power yet this week to keep it alive. Stay tuned! Jim Wyckoff