On the news that GBTC was discounted up to 20%, many buyers came in yesterday. But is usually the case with FOMO, the next day BTC took a breather and buyers quickly turned to sellers.
Clearing this area of resistance will be difficult as the next one up will be the fund's ATH. You can clearly see the hours-long retracements on our current up-trend. We should be able to spot any concerns soon enough if there are any. I've drawn out some lines I am watching.
Not financial advice. #DYOR for fun and profit.
Clearing this area of resistance will be difficult as the next one up will be the fund's ATH. You can clearly see the hours-long retracements on our current up-trend. We should be able to spot any concerns soon enough if there are any. I've drawn out some lines I am watching.
Not financial advice. #DYOR for fun and profit.