Bitcoin daily chart alert - bulls having a good week - Sept. 5
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 Thursday, on some consolidation from recent good gains. Bulls have the slight near-term technical advantage. If Bitcoin bulls show some fresh power yet this week it would suggest prices can trend at least sideways, if not sideways to higher, in the near term. Stay tuned.