Bitcoin daily chart alert - Bulls stabilizing the market - Oct. 8
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 near steady in early U.S. trading Tuesday. The bulls have stabilized the market recently. A price downtrend in place on the daily bar chart is now in jeopardy of being negated this week. More sideways price action this week would also begin to suggest a near-term market bottom is in place.Stay tuned.