Off The Wire
Bitcoin Daily Chart Alert—Collapse In Volatility Suggests Bigger Move Coming
Editor's Note: Welcome to Kitco's 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. dollarprices are firmer high in early U.S. trading Wednesday. The recent gains still suggest a near-term market bottom is in place. And it appears the volatile U.S. stock market is aiding the Bitcoin bulls. The recent “collapse in volatility” in daily price action suggests a much bigger move for Bitcoin is right on the horizon. Stay tuned!