Bitcoin Daily Chart Alert—Chart Consolidation This 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 weaker again early Thursday morning, on some normal “backing and filling” on the charts, in an uptrend. The bulls remain in overall near-term technical control. Don’t be surprised to see some higher daily volatility in the near term. Stay tuned right here because that's where you'll get more of those early clues on price trend changes!