Bitcoin Jan. 12 daily chart alert – Bulls gain power to suggest more upside

Welcome to Kitco News’ 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.

(Kitco News)Bitcoin-U.S. dollar prices are solidly higher and hit a two-month high in early U.S. trading Thursday. Bulls have upside technical momentum amid a fledgling price uptrend in place on the daily bar chart, to suggest still more upside in the near term. Prices this week also pushed just above key resistance at the 50-day moving average, which is another bullish signal. Stay tuned!

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