By TradeStation Crypto
Bitcoin is hitting a two-month high today as it breaks out of a tight bullish triangle that formed in the last week. But now that it's moving and MACD is ramping, how far can it go? Let's go to the triangle on the weekly chart:
The drop between late June and mid-November brought BTCUSD from $13,880 to $7,146. A basic technique of technical analysis is to calculate the difference, which is $6,734. You then add it to the breakout level of $8,000. The result is a possible move toward $14,734.
It's also interesting that altcoins like
Ethereum and 
Litecoin are outperforming Bitcoin today. We haven't seen that kind of relative strength for most of the last two years. If it continues, it may help confirm the strength in the crypto space.
Bitcoin is hitting a two-month high today as it breaks out of a tight bullish triangle that formed in the last week. But now that it's moving and MACD is ramping, how far can it go? Let's go to the triangle on the weekly chart:The drop between late June and mid-November brought BTCUSD from $13,880 to $7,146. A basic technique of technical analysis is to calculate the difference, which is $6,734. You then add it to the breakout level of $8,000. The result is a possible move toward $14,734.
It's also interesting that altcoins like
Ethereum and Litecoin are outperforming Bitcoin today. We haven't seen that kind of relative strength for most of the last two years. If it continues, it may help confirm the strength in the crypto space.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。