Bitcoin Daily Chart Alert - Bulls Have A Good Week - Mar 2
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 near steady in early U.S. trading Friday. Bulls have had a good week, so far. Recent price action has formed a bull flag pattern, which suggests the next big price move will be on the upside. The next key upside technical target for the bitcoin bulls is pushing prices above stiff chart resistance at the February high of $11,780. Stay tuned!