Bitcoin Daily Chart Alert- Corrective Pullback Wednesday - April 25
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. dollarprices are lowerin early U.S. trading Wednesday, on a corrective pullback from recent goodgains that saw prices hit a five-week high on Tuesday. Bulls are still workingon a fledgling price uptrend on the daily chart. The Bitcoin bulls have the near-termtechnical advantage. Thus, the path of least resistance remains sideways tohigher. Stay tuned! Jim Wyckoff
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