Bitcoin daily chart alert - prices headed for bullish weekly high close - Sept. 6
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 and hit a nearly three-week high in early U.S. trading Friday. Bulls have the near-term technical advantage and prices are headed for a technically bullish weekly high close, which would suggest follow-through buying occurring early next week. Stay tuned.