Bitcoin Daily Chart Alert - Bulls Produce Upside "Breakout" - Feb 11
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. dollar are slightly down in early trading Monday. However, Friday’s solid gains and a technically bullish weekly high close also produced a bullish upside “breakout” from the recent sideways and choppy trading range. The Bitcoin bulls have some technical momentum on their side, to suggest some more price gains in the near term. Stay tuned right here!