Bitcoin Daily Chart Alert - Normal Corrective Pullback Thursday - July 11
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 lower Thursday on a normal downside correction from recent gains. A price uptrend is still in place on the daily bar chart and the bulls have the firm overall near-term technical advantage. 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!