When in doubt, zoom out by jondoe

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· @jondoe ·
$3.53
When in doubt, zoom out
# Some are saying Bitcoin looks toppy, but if you zoom out, not so much

After the roughly 20% rally in the last couple weeks some are saying bitcoin is due for a breather.

Let me be clear that I am not one of those people.

Even looking at a daily or hourly chart I think we still have a lot of room left to the upside before things will look overbought.

That being, there are still some saying as much and to them I say, just zoom out a bit.

The 2 month chart looks absolutely incredible:

![image.png](https://i.imgur.com/xwjlOqn.png)

(Source: https://twitter.com/MacroCRG/status/1320099755960246272/photo/1)

We have higher lows the entire time and we have the price breaking the previous lower highs.

It looks very much like an ascending triangle and we are starting to push trough the topside of that triangle, which would around $14k-$15k.

From there we have the all time highs in sight and probably push a lot higher than that.

It's a really great chart setup that looks like it's just getting going to me.
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