$GBTC Analysis After Spot Bitcoin ETF Launch- 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 approaching a key resistance level
- The 1-week RSI is also extremely overbought and needs a correction
Gbtcusdforecasting
Last time GBTC hit this trendline was 3k and March 2020 BottomWhen 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.
GBTC to $124Buy 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.