smoki99

Bitcoin with Discount - But this is not a reason to buy now

Short
OTC:GBTC   GRAYSCALE BITCOIN TRUST (BTC)
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Currently you get a discount on bitcoin with GBTC:
https://ycharts.com/companies/GBTC/disco...

But this is a warning signal and not a buy signal. It only shows that GBTC and Bitcoin is currently not very popular and buyers are searched...

Waiting for a decline of the bitcoin , GBTC could be interesting to be invested in 32$-34$, if support lines hold or maybe below at 23$, watch MACD!

Comment: Yesterday (02.03.2021), discount was even -4.34%

https://ycharts.com/companies/GBTC/disco...

It seems not enough buyers in GBTC, but more sellers.

Comments

Yea I saw it at about -10% just a bit earlier today. People must be taking profit anticipating a potential rollout of an ETF later this year?
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