Bitcoin daily chart alert - bulls post impressive rebound late this week - Sept. 20
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 firmer in early U.S. trading Friday. Prices Thursday morning saw a bearish downside “breakout” from a recent narrow and sideways trading range. However, bulls fought right later Thursday to push prices right back into the sideways trading range. Bulls and bears are now back on a level overall near-term technical playing field. Stay tuned.