Bitcoin Daily Chart Alert - Bulls Gaining Some Momentum - Feb 15
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 prices arehigher again and hit a 2.5-week high in early U.S. trading Thursday. The bullshave gained upside technical momentum recently to suggest a near-term bottom isin place. It will take a move in prices above chart resistance at $10,000,which is now within easy striking distance, to give the bulls better technicalstrength, to then suggest an uptrend can be sustained on the daily chart. Stay tuned!
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