Bitcoin daily chart alert – Bulls in firm command – May 7

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here!

(Kitco News) – Bitcoin-U.S. dollar prices are higher early Thursday. A price uptrend is firmly in place on the daily chart and bulls have the solid overall near-term technical advantage—to suggest sideways-to-higher price action in the near term. “The trend is your friend” for the Bitcoin bulls. Stay tuned.


By Jim Wyckoff


For Kitco News

Follow @jimwyckoff


Contact
[email protected]


www.kitco.com

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.

Article Source…