Bitcoin Daily Chart Alert - Bulls Keeping Uptrend Alive - July 9
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 Wednesday and hit a three-week high. Bulls are enjoying a price uptrend on the daily bar chart and have good momentum on their side to suggest more gains in the near term, including a challenge of this year’s high scored in June. 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!