Bitcoin Daily Chart Alert - Bulls Having A Good Week - August 1
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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 futures prices are near steady in early U.S. trading Thursday, following good gains Wednesday. Bulls are having a good week and have stabilized the market. A drop in prices below the July low would produce serious technical damage to suggest a sustained price downtrend. But right now the bulls are moving prices farther away from that key level. Stay tuned.