GOBTC Soon Breakout ?

For quite a long time GOBTC is trading inside narrow corridor. Usually such long time tradings lead to either: huge movement up or slow movement down. By looking at current market situation I have a feeling that BTC dominance is decreasing which can only mean 1 thing, money is flowing to altcoins.

GOBTC has been on Binance since 2018 and never had major movement since then, even though underlying project and team are solid.

My prediction for this pair is upward movement, if and only if bulls destroy 94 satoshi price level and weekly candle closes over aforementioned price. In opposite, downward movement is expected in case BTC starts to move down, hence all altcoins will follow.

Candles are touching 99 EMA on 79 satoshi price point which means that it's on a verge of breakout(or breakdown). RSI indicator is also steadily increasing.


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