Bitcoin Daily Chart Alert - Full Speed Ahead For Bulls - Jun. 25
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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 solidly higher and hit another 15-month high Tuesday. Bulls have the strong overall near-term technical advantage, amid an accelerating price uptrend on the daily bar chart, to suggest still more upside price action in the near term. There are still no early technical clues to suggest this market is close to topping out. However, the market is now short-term overbought, technically, and due for a normal and healthy corrective pullback very soon. 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!