(Kitco News) – Bitcoin-U.S. dollar prices are higher in early U.S. trading Friday. Bulls have stabilized the market after Thursday’s big price downdraft. The BC bears still have the overall near-term technical advantage and the bulls have heavy lifting to do to start a price uptrend. More upside price action in the near term would produce a bullish double-bottom reversal pattern on the daily chart. Stay tuned!
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
