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-terma 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 are higherin early U.S. trading Friday. Prices last week hit a multi-month low and havesince seen a normal corrective rebound. Bears are still in firm near-termtechnical control amid a price downtrend in place on the chart. There are not yetany early clues to suggest a market bottom is close at hand. Stay tuned! JimWyckoff
By Jim WyckoffFor Kitco News
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