Editor’s Note: Welcome to Kitco’s new Bitcoin Daily Bitcoin 1 year chart 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. 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.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. The US dollar rallied to an 11-month high against a basket of peers Tuesday as trade tensions between the US and China soared, pushing markets to poise for faster inflation and a more hawkish Federal Reserve. 12 million on the blockchain equivalent of Beanie Babies. Bitcoin keeps coming back in the headlines. With any Bitcoin price change making news and keeping investors guessing.