Bitcoin daily chart alert - bulls make some progress - Oct. 10
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 Thursday, after good gains Wednesday that saw prices hit a two-week high. The bulls have gained a bit of momentum this week. A price downtrend in place on the daily bar chart has been at least temporarily negated, to suggest a market bottom is in place. Stay tuned.