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Bitcoin February 16 daily chart alert - Bulls maintaining tight grip

Kitco Media
By Jim Wyckoff
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Updated
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Bitcoin February 16 daily chart alert - Bulls maintaining tight grip teaser image

(Kitco News) - Friday, February 16--February bitcoin futures prices are firmer and not far below Thursday’s contract high in early U.S. trading Friday. The bulls have a price uptrend firmly in place on the daily bar chart and have the solid overall near-term technical advantage. More price gains are likely in the near term. There are no significant early technical clues that a market top is close at hand. You’ll get those early clues on potential price trend changes right here. Wyckoff’s Market Rating: 8.0 (out of 10.0). Stay tuned!

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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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