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Bitcoin January 30 daily chart alert - Bulls holding on to slight edge

Kitco Media
By Jim Wyckoff
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Bitcoin January 30 daily chart alert - Bulls holding on to slight edge teaser image

(Kitco News) - Thursday, January 30--February bitcoin futures prices are again up a bit in early U.S. trading Thursday. Not much new this week. It’s been narrower, choppy daily trading, or a price pause, the past few sessions. Bulls still have the slight overall near-term technical advantage. See the technical support and resistance lines on the chart. The direction in which prices push above or below those lines will likely be the direction of the next near-term price- trending move. Wyckoff’s Market Rating: 6.0 (out of 10.0). 

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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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