Editor’s Note: Welcome to Kitco’s Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price trend reversals. Jim’s unique and exclusive daily technical report is an absolute must for any trader/investor/market watcher who closely follows Bitcoin.
(Kitco News) – Bitcoin-U.S. dollar are slightly higher and near this week’s six-week high in early trading Wednesday. Prices had paused but have this week seen a bullish upside “breakout” from that congestion area and bulls are working on starting a price uptrend on the daily chart. The bulls have technical strength and momentum to suggest more price gains in the near term. Stay tuned right here!
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