Bitcoin Daily Chart Alert - Bulls Bouncing Back In Business - August 2
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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 higher in early U.S. trading Friday. Bulls have had a very good week and prices are headed for a technically bullish weekly high close today. Bulls still have some work to do in the near term to establish a price uptrend, but right now they’re satisfied with a good trading week this week. Stay tuned.