GBTC just bounced off its 21 week EMA (approximately). Accounting for the GBTC current discount, this means holders of GBTC think the bitcoin contained within it is worth about $44k.
BTCUSD has yet to test the 21 week EMA, which is also near $44k. Great long-term entry if it gets there, and one believes that BTCUSD is still in a bull market.
BTCUSD has yet to test the 21 week EMA, which is also near $44k. Great long-term entry if it gets there, and one believes that BTCUSD is still in a bull market.
Comment:
If BTCUSD is staying in a bull market, RSI should bounce near 55 as it has done historically.
