GBTC has continued to maintain its bullish record higher high. The stock has superseded every other stock in the market momentum drive. It has soared higher even above speculative expectations.
Supply levels: $8.7, $10.6, $12.6
Demand levels: $6.2, $5.0, $3.8
GTBC Medium-term Trend: Bullish
The market opening saw a bullish price gap, and the pair continued on the uptrend. The break out of the price barrier level of $12.6 out rightly triggered the spontaneous bullish quest. The market seems not relenting at the moment.
In accessing the daily chart the bars of the MACD Histogram are on the rise for a bullish trend and the signal line are crossed as well for an uptrend, also the 14 and 50 Exponential Moving Averages are crossed and widen for a bullish positioning.
GBTC Short-term Trend: Bullish
The medium-term outlook has maintained a strong bullish drive; the opening of today’s market saw a gap on the north side of the market, also a bullish continuation of the trend. The ascending market demand is not showing any sign of weakness, thus the bulls are still in control.
Both the MACD indicator and the 14 and 50 Exponential Moving Averages are all indicating bullish market support.
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