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 has been ongoing sinc...

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