Bitcoin Daily Chart Alert - Bulls Work To Stabilize Prices - April 3
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 firmer in early U.S. trading Tuesday. Bears still have the overall near-term technical advantage. However, the bulls are working to stabilize prices just above strong chart support at the February low. If bulls can keep prices above the February low in the near term, they could then be hopeful a near-term bottom would be in place. Stay tuned! Jim Wyckoff