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Bitcoin Oct. 28 daily chart alert – Bulls working on price uptrend

Jim Wyckoff

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(Kitco News)Bitcoin-U.S. dollar prices are weaker in early U.S. trading Friday, on a corrective pullback after hitting a six-week high on Wednesday. Price action this week has seen a bullish upside “breakout” from the choppy and sideways trading range of the past few weeks. A fledgling price uptrend is in place on the daily bar chart. Bulls have the overall near-term technical advantage to suggest still more upside price action in the near term. 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.

Source: https://www.kitco.com/news/2022-10-28/Bitcoin-Oct-28-daily-chart-alert-Bulls-working-on-price-uptrend.html

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