Bitcoin breakout can lead to near-term acceleration, while Ethereum following suit
Oct 20, 2021
• 3
Min Read
Key Takeaways
- Bitcoin took the lead in pushing back to new all-time highs on a closing basis Tuesday, coinciding with the successful launch of Proshares Bitcoin futures-based ETF
- Initial upside targets for BTC above 65k lie near 72.50k, then 89k, and thought to be definitely within reach on this breakout of former peaks.
- Popular Alt-coins like ETH/USD, SOL/USD, DOT/USD, XTZ/USD, BNB/USD look close to their own breakouts, with Ethereum set to possibly make a new all-time weekly high close this week
BTC/USD officially made a new daily all-time high close on 10/19 and has now off...