Bitcoin Daily Chart Alert - Prices Near Steady Wednesday A.M. - Oct. 17
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 arenear steady in early U.S. trading Wednesday. Volatility has picked upsignificantly the past few sessions, which slightly favors the bulls. Still, thebears have the overall near-term technical advantage, but more price gains thisweek would suggest at least sideways and choppy price action for the near term,if not sideways to higher. Stay tuned!
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