Bitcoin Daily Chart Alert - Market Is Pausing Friday - July 5
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 futures prices are not far from steady Friday morning. Trading has been choppy this week. Bulls are working on re-establishing a price uptrend on the daily bar chart. More gains in the coming days would restart the uptrend and give the bulls fresh technical power. 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!