(Kitco News) - Wednesday, March 11—March bitcoin futures prices are near steady in early U.S. trading Wednesday. Some chart consolidation is featured amid sideways and choppy trading. This favors the bulls and could be “basing” action that sets off a price uptrend. See at the bottom of the chart that the MACD indicator is in a bullish posture. The bears still have the slight overall near-term technical advantage. See the important technical support and resistance lines on the chart. Wyckoff’s Market Rating: 4.5 (out of 10.0, with 1.0 being the most bearish and 10.0 being the most bullish).
