close
close

Bitcoin Daily Chart Alert for May 10 – Major Price Move Is Coming

(Kitco News) – Friday, May 10 – May Bitcoin futures prices are slightly firmer in early US trading on Friday. Trading has been caught in a range lately. The recent “collapse in volatility” makes me think that a major price move is coming soon. The bulls and bears are on an overall technical playing field in the short term. Look at the support and resistance lines on the chart. The direction in which prices move above the resistance line or below the support line is likely to be the direction of the next significant trend price movement in the market. Wyckoff’s market rating: 5.0 (out of 10.0).

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 the accuracy of the information provided; However, neither Kitco Metals Inc. nor the author can guarantee this accuracy. This article is for informational purposes only. It is not a request to exchange goods, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no liability for any loss and/or damage arising from the use of this publication.