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Bitcoin December 10 daily chart alert - Bulls working on fledgling price uptrend

Kitco Media
By Jim Wyckoff
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Bitcoin December 10 daily chart alert - Bulls working on fledgling price uptrend teaser image

(Kitco News) - Wednesday, December 10--December bitcoin futures prices are near steady in early trading Wednesday. The bulls have some momentum and are now working on a price uptrend on the daily chart. Also, see on the chart that the Moving Average Convergence Divergence (MACD) indicator is in a bullish posture as the blue MACD line is above the red trigger line and both lines are trending up. See the important technical support and resistance lines on the chart.  Wyckoff’s Market Rating: 5.0 (out of 10.0, with 1.0 being the most bearish and 10.0 being the most bullish). 

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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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BitcoincryptoDecember bitcoin futures

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