Bitcoin daily chart alert – Normal chart consolidation in an uptrend – May 4

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(Kitco News) – Bitcoin-U.S. dollar prices are weaker early Monday, after last week hitting a two-month high. A price uptrend is still in place on the daily chart amid some normal “backing and filling” action. Bulls still have the firm overall near-term technical advantage. Stay tuned.

By Jim Wyckoff

For Kitco News

Follow @jimwyckoff

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