Bitcoin daily chart alert-Bulls need to step up now

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(Kitco News) - Bitcoin-U.S. dollar prices arehigherin early U.S. trading Wednesday after hitting a three-week low overnight. A priceuptrend in place on the daily bar chartis in jeopardy and the bulls need to show more power soon to keep it alive. Moreselling pressure this week would likely negate the price uptrend to suggest anear-term market top is in place. Stay tuned!

By Jim Wyckoff

For Kitco News

Follow @jimwyckoffjwyckoff@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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