jdharward

GBTC - More to rally

Long
OTC:GBTC   None
GBTC - Bitcoin for your IRA (Basically)

Green targets are representative of bitcoin $4400, $4800 and $5100 figures for this rally.

Current price has passed 1.618 advancement. Next targets are
$5.51 (bitcoin $4400) (+10% from current)
$6.18 (bitcon $4800) (+25%)
$6.85 (bitcoin $5100) (40%)

Then expect one last bitcoin correction down to $2800-3100 ($3-4 GBTC price) and an acculturation period which can last several months (October 2019 begin of new bull super cycle?)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.