Bitcoin Daily Chart Alert—Bulls Hanging Tough Late-Week
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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 prices are near steady in early U.S. trading Friday, and have stabilized the market after Thursday’s declines. Bitcoin bulls still have the overall near-term advantage amid an uptrend in place on the daily bar chart. Stay tuned!