Bitcoin daily chart alert - choppy, sideways trading continues - Oct. 21
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 solidly higher in early U.S. trading Monday, as the bulls have pushed prices right back into a sideways trading range. The bulls and bears are still on a level overall near-term technical playing field but the bulls have now gained some momentum early this week. The direction in which prices “break out” of the recent sideways trading range will be the direction of the next trending move in prices. Stay tuned.