- GBTC has been actively traded before the spot Bitcoin ETF approval - GBTC opened slightly higher today with much more trading volume - High trading volume = $36.8 million, much higher than the average $7.3 million trading volume over the past 30 days - GBTC is currently at a strong resistance target, which is concerning that the ETF approved as the price is...
Introduction: Exciting news has hit the cryptocurrency market as Grayscale Investments, the renowned digital asset management firm, has successfully won over the Securities and Exchange Commission (SEC) for a Bitcoin exchange-traded fund (ETF). This groundbreaking development has sent shockwaves through the industry, and traders now find themselves at the cusp of...
When it touched this trendline it rose by 400% the first time and 1000% the next. It also rose VERY fast. Pivitol point which could mark the bottom in BTC. Send it.
From my perspective it tells us that Bitcoin did not make a significant new ATH in November. Together with the low volume it looks artificial since June.
Buy it up and enjoy the ride soon, you're also going to want Bitcoin miner stocks like Riot, Can, SOS, EBON and MARA, they all look close to bottoming.
Don't let the permabears mess you up, it's still looking great, load up now where the fear is at the March 2020 lows and November 2018 3k lows. Clap with me! Fear this extreme doesn't happen near tops!!!
Grayscale Bitcoin Trust Market Breakdown Week of June 16th Been a while since I've updated my chart on this Since then made a few plays on my TD ameritrade account, bought along this accumulation zone at 10.82, sold at 12.1 (June 2) Bought 10.15, sold 10.82 (June 15) So obviously now if you read my recent posts, I am currently not in any positions and...
What Is the Grayscale Bitcoin Trust? The Grayscale Bitcoin Trust is a digital currency investment product that individual investors can buy and sell in their own brokerage accounts. On January 21, 2020, it became an SEC reporting company, registering its shares with the Commission and designating the Trust as the first digital currency investment vehicle to...
Please don't take anything I say seriously or as financial advice, as always this is on opinion basis. That being said, let us get into a few key points. First off, I am not heavy on the institutionalization of Bitcoin, I feel like personally it is better to get $BTC as a cryptocurrency rather then investing in an investment vehicle derived for $BTC's price...
Not financial advice...sometimes it's fun to try to use mthe paint brush to paint a speculative path for where I think BTC price action is going just so later I can click play and see how close I was