Bitcoin Breakout Imminent 比特币突破在即

After rising nearly 500% in less than two years, Bitcoin is ready to move above $20000 and surge even higher in the near term.  Technical analysis points to $26000 in the near term and analysts targets for next year ranging from $50000 to $318000. This time is different for Bitcoin versus 2017 peak because it is widely being used now and people understand it a lot more than before. The sentiment is very bullish as big money managers, institutions, billionaires and  bitcoin traders have been buying into it and over 330 million retail investors from PayPal and Square's easy to us Apps are ready to pull the triggers to buy and push it even higher. For more detail information and analysis on Bitcoin, please see my previous blog: Bitcoin Is Hot, Here Is All Your Need To Know https://tradeideablog.blogspot.com/2020/11/bitcoin-is-hot-here-is-all-you-need-to.html.

After rising $4000 from November 26 low near $16000 to December 1 high of nearly $20000, Bitcoin has been  consolidating between $18500 and $20000 for the last 3 days and is forming a bullish Cup and Handle pattern in the hourly chart. The good thing is, before last few day's rally, Bitcoin had already corrected down sharply by $3000 from November 25 to November 26 already. It looks ready to assault the $20000 level very soon. Once $20000 is broken, $26000 is the next technical target near term based on Measured Move calculation. It is time to participate before it breaks out. Bitcoin related ETF and stocks are GBTC, RIOT, MARA, PYPL and SQ.

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在不到两年的时间里上涨了近500％之后，比特币已经准备好突破20000美元并在短期内飙升甚至更高。技术分析显示，短期内将会达到26000美元。多位分析师将明年底的目标定在50000美元至318000美元之间。这次比特币与2017年的峰值时相比有所不同，因为现在它已被广泛使用，人们对它的了解比以前更多了。大型资金经理，机构，亿万富翁和比特币交易员都纷纷购买，看涨情绪非常高，并且来自PayPal和Square 简单易用的应用平台超过3.3亿散户投资者也会随时按键购买而助长升势。有关比特币的更多详细信息和分析，请参阅我以前的博文：比特币炙手可热，这里有您所需要知道的https://tradeideablog.blogspot.com/2020/11/bitcoin-is-hot-here-is- all-you-need-to.html。 

 技术上，在从11月26日的低点16000美元上涨至12月1日的近20000美元的高点上涨4000美元之后，比特币在过去三天的时间里在18500美元和20000美元之间盘整，并形成小时图上的看涨的杯状图形。好的是，在最近几天的上涨之前，从11月25日到11月26日，比特币已经下调了3000美元。它看起来似乎很快会上攻20000水平。一旦突破20000，则根据上升继续形态的计算得出下一个近期技术目标是26000。现在是时候参与比特币投资了，突破在即。比特币相关的ETF及股票是GBTC，RIOT， MARA，PYPL及SQ。

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