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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 prices are firmly higher and hit another six-month high in early U.S. trading Friday. The bulls have solid technical power to suggest still more price gains in the near term, amid a price uptrend in place on the daily bar chart. There are no early chart clues to suggest a near-term market top is close at hand. Stay tuned right here because that’s where you’ll get those early clues on price trend changes!
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