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Bitcoin Jan. 4 daily chart alert - Bulls have some momentum

Kitco Media
By Jim Wyckoff
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(Kitco News) - Bitcoin-U.S. dollar prices are up in early U.S. trading Wednesday. While trading remains sideways and choppy overall, the bulls have gained some momentum this week. Traders are waiting for a spark to ignite more volatile price action. Note the new chart I am using, which provides more technical details, including support and resistance levels and the popular Moving Average Convergence Divergence indicator’s daily posture. Stay tuned!

Bitcoin's 14th birthday is overshadowed by widespread weakness in the crypto market
Kitco Media

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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