Since GBTC broke a key price resistance level it has maintained a bullish trend, the price has moved a point of creating a new record higher high, level.
Supply levels: $8.7, $10.6, $12.6
Demand levels: $6.2, $5.0, $3.8
GTBC Medium-term Trend: Bullish
The Medium-term trend has continued to maintain a bullish stand after it breaks out from the resistance price resistance level of $12.6; the price is setting up a record higher high resistance level. The level the price has reached also calls for caution because a corrective movement might set in at any time.
In X-raying the daily chart, the MACD Indicator Histogram bars and signal lines are on the upside, also the 14 and 50 Exponential Moving Averages are crossed for a bullish indication.
GBTC Short-term Trend: Bullish
A view of the short-term trend shows that the pair is bullish; the price has gone higher after breaking a resistance level, the price is now in a no man’s land area, trying to institute a new resistance level.
The 4-hours chart shows that the MACD Indicator Histogram bars are on the bullish side, and the 14 and 50 Exponential Moving Averages are crossed for a bullish position. GBTC Short-term Trend: Bullish.
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