Bitcoin Daily Chart Alert—Bulls Hang Tough
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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 slightly down Thursday. Not much new. Bulls still have the overall near-term technical advantage, which means the path of least resistance for prices is sideways to higher until a bearish chart signal suggests otherwise. Remember to stay tuned right here because that’s where you’ll get more of those early chart clues on price trend changes, or price acceleration!