In case the Bears prevail and push the price to break down level $14 and the bearish candle closes below the level, then, the price may target the price level of $13.
Resistance levels: $15, $17, $19
Support levels: $14, $13, $12
GBTC Medium-term Trend: Bullish
GBTC remain bullish on the medium-term outlook. The Bulls and the Bears’ momentum are weak in the GBTC market. The Bulls are determined not to lose their momentum to the Bears after crossed both barriers at the dynamic support and resistance level and the former resistance level at $14. GBTC price is above the $14 level consolidating.
The GBTC price retains its trading above the 21 periods EMA and 50 periods EMA; that means it is on the bullish momentum. The Stochastic Oscillator period 14 is above 80 (Overbought level) with the signal lines trying to cross and point down as the Bears may take over soon. In case the Bears prevail and push the price to break down level $14 and the bearish candle closes below the level, then, the price may target the price level of $13.
GBTC Short-term Trend: ranging
GBTC is ranging in the short-term outlook. On the 30 minutes chart, immediately the coin broke up the price level at $14. The momentum of both the Bears and the Bulls were weak and there was no significant movement in the GBTC market. The coin started consolidating at $14 price level.
The 21 periods EMA is making an attempt to cross the 50 periods EMA upside and the price is above the two EMAs as a sign of a bullish movement. The Stochastic Oscillator period 14 is above 75 levels and the signal lines are parallel and flat at the level which indicates that consolidation is ongoing.
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