Bitcoin Oct. 27 daily chart alert - Bulls have the technical edge

By Jim Wyckoff

Published:

Oct 27, 2022 - 12:24 PM

Updated:

Oct 27, 2022 - 3:55 PM

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(Kitco News) - Bitcoin-U.S. dollar prices are weaker in early U.S. trading Thursday, on a corrective pullback after hitting a six-week high on Wednesday. Price action this week has seen a big and bullish upside "breakout" from the choppy and sideways trading range of the past few weeks. A fledgling price uptrend is now in place on the daily bar chart. Bulls have the overall near-term technical advantage to suggest still more upside price action in the near term. Stay tuned!

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Jim Wyckoff

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York. As a journalist, he has covered every futures market traded in the U.S., at one time or another.

Jim is the proprietor of the "Jim Wyckoff on the Markets" analytical, educational and trading advisory service. Jim also worked as a technical analyst for Dow Jones Newswires and as the senior market analyst with TraderPlanet.com. Jim is also a consultant with the highly respected "Pro Farmer" agricultural advisory service. Jim was also the head equities analyst at CapitalistEdge.com. He received his degree from Iowa State University in Ames, Iowa, where he studied journalism and economics.

Follow Jim daily on Kitco.com as he provides both AM and PM roundups and a daily Technical Special. 1 877 963-NEWS jwyckoff at kitco.com

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Bitcoin Oct. 27 daily chart alert - Bulls have the technical edge

By Jim Wyckoff

Kitco News
The Leading News Source in Precious Metals

Jim Wyckoff

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news

Bitcoin Oct. 27 daily chart alert - Bulls have the technical edge

By Jim Wyckoff

Kitco NewsThe Leading News Source in Precious Metals

Jim Wyckoff

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Share

Kitco News
The Leading News Source in Precious Metals