(Kitco News) – Friday, May 10—May bitcoin futures prices are a bit firmer in early U.S. trading Friday. Trading has been trapped in a range recently. The recent “collapse in volatility” makes me suspect a bigger price move is coming soon. The bulls and bears are on a level overall near-term technical playing field. See 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 trending price move in the market. Wyckoff’s Market Rating: 5.0 (out of 10.0).
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Read More: Bitcoin May 10 daily chart alert – Bigger price move coming
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