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Bitcoin daily chart alert - bulls still have some momentum at mid-week - Sep. 4

Jim Wyckoff

Kitco News

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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 weaker in early U.S. trading Wednesday, on a corrective pullback from recent good gains. Bulls have rebounded from the recent selling pressure and still have some upside momentum. If Bitcoin bulls show some more good power this week it would suggest prices have put in a near-term bottom and that prices can trend at least sideways, if not sideways to higher, in the near term. Stay tuned.

By Jim Wyckoff

For Kitco News

Contact jwyckoff@kitco.com
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