conradkz

GBTC fails to clear area of resistance, momentary consolidation

OTC:GBTC   Grayscale Bitcoin Trust (BTC)
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.