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) – prices are weaker in early U.S. trading Monday, on a corrective pullback after hitting a three-week high on Friday. Bulls still have some upside momentum after a bullish weekly high close last Friday that suggests more near-term gains are in the offing. Stay tuned! Jim Wyckoff
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