Bitcoin Daily Chart Alert - Correction Mode Late This Week - Feb 23
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 arenear steady in early U.S. trading Friday. The market late this week has seenchart consolidation from recent gains, which is normal. The price uptrend isstill in place, but the bulls need to show fresh power soon to keep the uptrendalive. The next key upside technical target for the bitcoin bulls is stiffchart resistance at $13,000. Stay tuned!
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