Bitcoin tripped a quite-bullish signal three weeks ago when the Grayscale ETF popped through midpoint resistance at 64.65 (see chart inset). This opened a path to as high as 84.31, about 34% above the current price. It implies that Bitcoin, currently trading around 81,445, has upside potential to 109,289. Bitcoin hasn’t appeared in the touts list for a while, but I have re-activated in lieu of GDXJ, a gold miners ETF that was not attracting sufficient interest to warrant a spot on the home page. I will continue to provide guidance for GDXJ in the chat room, however, in response to timely, specific questions about its behavior.
$GBTC – Bitcoin Grayscale Trust (Last:109.91)
