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Long

Three-point support line established and rising MACD

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
Bitcoin had a lot of excitement leading up to the open of the $GBTC market. Anticipation is high this week while the market waits for the first buys on the market. Although the market will likely not have a major influence directly on the spot price through market buys, it will likely be a big psychological factor if purchases are made above the spot price.

Negative MACD waves seem to be dampening. When you also consider the new support line formed today, these signals may suggest a turnaround in the coming days. My prediction for this week's settlement of $277 still stands.
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