Editor's Note: Welcome to Kitco's new 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 pricesarehigher in early U.S. trading Monday. Some short covering in the futures marketand bargain hunting in the cash market are featured to start the trading week.Bears still have the overall near-term technical advantage as a downtrend line isin place on the daily bar chart.
By Jim WyckoffFor Kitco News
Follow @jimwyckoff