The GBTC price is moving towards the $17 price level. There is a tendency for the price to reach $17 level in case there is little or no interruption of the Bears. The price may start ranging should the Bears interrupt the price increase.
Resistance levels: $17, $19, $21
Support levels: $15, $14, $13
GBTC Medium-term Trend: Bullish
GBTC is bullish on the long-term outlook. The bullish momentum is increasing; the GBTC price was below $15 price level yesterday. The bulls successfully broke up the former resistance level at $15 and the price is currently above the $15 price level exposed to the $17 resistance level.
The GBTC price is moving towards the $17 price level. There is a tendency for the price to reach $17 level in case there is little or no interruption of the Bears. The price may start ranging should the Bears interrupt the price increase. The GBTC price is trading above the 21 periods EMA and 50 periods EMA and the Stochastic Oscillator period 14 is at 60 levels with the signal lines pointing to the north which indicate strong bullish momentum and buy signal.
GBTC Short-term Trend: Bullish
GBTC is bullish in the Short-term outlook. GBTC has broken up the supply level of $14, $15 and it is inclining towards $17 price level. The Bulls are in full control of the GBTC market. With the present formation of Bullish engulfing candle on the 1-hour chart, the price will reach the target of $17.
The 21 periods EMA and the 50 periods EMA have crossed each other and well separated which indicate that the bullish pressure is high. The Stochastic Oscillator period 14 is above 80 levels and the signal lines are bending up to indicate a buy signal.
Note: Dapplife.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.