💾 Grayscale Bitcoin Trust Bullish (All Targets Mapped 24-50)
Updated
The bullish bias has been fully confirmed for the Grayscale Bitcoin Trust (GBTC) as prices now trade for the third week above EMA100 and four weeks above EMA50, with a very strong RSI.
With this information at hand we can now focus on the targets:
How far up can it go?
Initial we can see 22.96-24.08 hit easy, by next week.
The doors are open for additional growth since this stock is coming out of a multi-year low. "Once we hit bottom, the only place left to go is up!"
Within 3 months (1-3 months or mid-term), we can see GBTC continue rising and hit around 33 and find resistance there.
The next gap range sits around 37-38 and this can be the top for this current wave.
As usual, we will track the chart and share updates as necessary.
Market conditions are always changing and things can change.
This is not financial advice.
Thank you for reading.
Namaste.
With this information at hand we can now focus on the targets:
How far up can it go?
Initial we can see 22.96-24.08 hit easy, by next week.
The doors are open for additional growth since this stock is coming out of a multi-year low. "Once we hit bottom, the only place left to go is up!"
Within 3 months (1-3 months or mid-term), we can see GBTC continue rising and hit around 33 and find resistance there.
The next gap range sits around 37-38 and this can be the top for this current wave.
As usual, we will track the chart and share updates as necessary.
Market conditions are always changing and things can change.
This is not financial advice.
Thank you for reading.
Namaste.
Trade closed: target reached
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