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

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(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

[email protected]

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