Bitcoin looks to strengthen relatively speaking after nearly a month of lagging
Nov 8, 2021
• 2
Min Read
Key Takeaways
- Bitcoin ($BTC) broke out of its triangle pattern today, Monday 11/8, and could set a new all-time high close above 65,990.31.
- Relatively speaking, BTCUSD should begin to gain in relative strength based on a minor breakout in its Dominance chart which should help its market capitalization start to pick up speed
- $LTCUSD, $ALGOUSD, and $LINKUSD all should be favored for gains in the weeks ahead as these are making favorable technical breakouts that should lead to near-term strength
Monday’s (11/8/21) breakout of 63,300 effectively breaks the triangle pattern that ...
