Bitcoin December 27 daily chart alert - Sideways and choppy trading at higher levels

By Jim Wyckoff

Published:

Dec 27, 2023 - 1:17 PM

Updated:

Dec 27, 2023 - 1:21 PM

Kitco News
The Leading News Source in Precious Metals

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.

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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) - Wednesday, December 27--January bitcoin futures prices are firmer and not too far below the recent contract high in early U.S. trading Wednesday. Trading has been choppy and sideways at higher levels for over two weeks. Bulls need to show fresh power soon to keep alive a price uptrend on the daily bar chart. Bulls still have the overall near-term technical advantage. Wyckoff’s Market Rating: 7.0. Stay tuned!

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 December 27 daily chart alert - Sideways and choppy trading at higher levels

By Jim Wyckoff

Kitco News
The Leading News Source in Precious Metals

Jim Wyckoff

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cryptocurrencies

Bitcoin December 27 daily chart alert - Sideways and choppy trading at higher levels

By Jim Wyckoff

Kitco NewsThe Leading News Source in Precious Metals

Jim Wyckoff

Share

Kitco News
The Leading News Source in Precious Metals