I must admit I sold the 16.2k area on GBTC (17's) because I thought it would be some resistance (yeah I know without confirmation like a dumbass but it is what it is) and once we blew past I chased higher and no one should have sold that $24 spot but I didn't.
With that being said, once we blew past it 16.2k and it now becoming support is now looking more and more like reality. When everyone wants lower prices what happens? I think we are about to leave another gap on the CME's that will stay as open as the $9900 spot.
This is the 4th weekly close at these price levels. IMHO I think we close this week around 18.9k. (33hrs to confirm)
With that being said, once we blew past it 16.2k and it now becoming support is now looking more and more like reality. When everyone wants lower prices what happens? I think we are about to leave another gap on the CME's that will stay as open as the $9900 spot.
This is the 4th weekly close at these price levels. IMHO I think we close this week around 18.9k. (33hrs to confirm)
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