GBTC touches 200MA
GBTC has now finally gone down to touch it's 200MA. I think we go up from here.
Only gapfills are above current price action.
Possible reversal here but this is getting close.
Reasoning
GBTC inflows highest since inception (current quarter).
More Bitcoin wallets holding over 1000 BTC. Smartmoney is buying. Dumb holders buying high and selling low are giving away at discount.
Those who endure will enjoy the spoils.
Only gapfills are above current price action.
Possible reversal here but this is getting close.
Reasoning
GBTC inflows highest since inception (current quarter).
More Bitcoin wallets holding over 1000 BTC. Smartmoney is buying. Dumb holders buying high and selling low are giving away at discount.
Those who endure will enjoy the spoils.
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