Bitcoin Daily Chart Alert—Prices Hit 3-Week High Tuesday
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 and hit a three-week high in early U.S. trading Tuesday. The bulls have stabilized the market recently and have now gained upside momentum to suggest that more gains are possible this week. A fledgling price uptrend is now in place on the daily bar chart. Stay tuned!