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Editor's Note: Welcome to Kitco's Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price trend reversals. Jim's unique and exclusive daily technical report is an absolute must for any trader/investor/market watcher who closely follows Bitcoin.

(Kitco News) - Bitcoin-U.S. dollar are slightly up in early trading Friday. Trading remains choppy, sideways and quieter, and this “collapse in volatility” suggests a bigger price move is on the horizon. Bitcoin-dollar bulls are keeping their slight overall near-term technical advantage and appear to be storing up energy for a big upside surge soon. Stay tuned!