Off The Wire
Bitcoin Daily Chart Alert—Bulls Have Upside Momentum
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 but not far below this week’s three-week high in early U.S. trading Wednesday. The bulls have some upside momentum and have started a fledgling price uptrend, to suggest that more gains are possible in the near term.