Bitcoin Daily Chart Alert - Firmer Price Thursday - Sep 13
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 modestly up Thursday morning. The bears are still in overall technical control following the recent steep price declines. The recent pause in price action has produced a bearish pennant pattern on the daily chart. However, price gains on Friday would negate that bearish pattern and would give the bulls some fresh upside momentum. Stay tuned!