Bitcoin Daily Chart Alert - Bulls Out Of The Gate Strong Monday - July 8
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 solidly higher Monday. Bulls are working on re-establishing a price uptrend on the daily bar chart and now have momentum to do such. More gains this week would indeed restart the price uptrend to then suggest still more upside in the near term. 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!