Bitcoin Daily Chart Alert – Prices Go Parabolic! – Jun. 26 – Kitco News

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Editor’s Note: Welcome to Kitco’s 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 prices are strongly higher Wednesday, with gains of around $1,300 today, and hit another 15-month high. The price uptrend on the daily chart has gone parabolic, meaning prices are heading nearly straight up now. What this suggests is that much more upside is attainable but probably in a much shorter timeframe before the market puts in a near-term top. Remember to stay tuned right here because that’s where you’ll get more of those early chart clues on price trend changes, or price acceleration!

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