Bitcoin Daily Chart Alert - Volatility Heats Up Recently - Oct.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 slightly higher in early U.S. trading Tuesday, after solid gains Monday. Volatility has picked up significantly the past few sessions, which slightly favors the bulls. Still, the bears have the overall near-term technical advantage, but more price gains this week would suggest at least sideways and choppy price action for the near term, if not sideways to higher. Stay tuned!