Bitcoin Daily Chart Alert - Prices Push Above $10,000 - Feb 16
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 lower in early U.S. trading Friday, but did push above the $10,000 level Thursday and overnight. The bulls have gained upside technical momentum recently to suggest a near-term bottom is in place. If the market can hold above key resistance at $10,000 then technical odds would significantly increase that prices could sustain a prolonged uptrend on the daily chart. Stay tuned!