Bitcoin Daily Chart Alert—Bulls Ending Week Strong
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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 higher early Friday morning. Bulls have absorbed some normal “backing and filling” on the charts this week and remain in firm overall near-term technical control amid a price uptrend on the daily chart. Stay tuned right here because that’s where you’ll get more of those early clues on price trend changes!