Bitcoin daily chart alert - Bulls remain in solid control - Oct. 22

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Bitcoin-U.S. dollarare higherin early U.S. trading Friday, following a normal downside correction onThursday. Prices earlier this week hit a record high. The Bitcoin bulls still havethe solid overall near-term technical advantage amid a steep price uptrend inplaced on the daily bar chart. There are no strong, early chart clues tosuggest a market top is close at hand. That means more price upside is likelyin the near term. SStaytuned!

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.

Monetary-driven precious metals outperform major base metals

Gold stocks hit by plunging equities markets

Gold stocks down as metal and equities momentum fades

Another Kazatomprom guidance announcement shakes uranium price

Major monetary drivers still supporting gold