Grayscale Bitcoin Trust (GBTC)

[Tenured]

Never know. The correction on Friday may offset the drop in bitcoin price (if that drop in price holds). That was a big correction in gbtc. Last time it dropped big it came back and nearly doubled in price.

Hard to say what the price of gbtc will do. If I had to guess I would say that if bitcoin holds around $4700-5000, you'll see s little consolidation of gbtc before the next run up. Then again, more investors may pour into the market seeing this as a buying opportunity($800) and force the price back up over $1000.

All The major crypto currencies are doing very well. No ones talking about the record set in litecoin or ethereum pushing $400. In the back of my mind I'm wondering if money pour into gbtc next week.

There's some profit taking this weekend in crypto currencies. If it holds it should make for some buying opportunities next week.

Analyst have raised their prediction/forecast to $10k.