Replies to post #17664 on Grayscale Bitcoin Trust (GBTC)

[THREE-DAY-TRADER]

Yeah, #Bitcoin not looking good right now. Down to near 6300-6400 area so far early today. Not at new lows, but broke below recent supportive gain levels from last week it achieved above 6800. Not something one wants to see when seeking technical forward progress. We;ll see how 6300-6400 area hold, and next you want to watch 6100 as lowest recent area of support
https://www.worldcoinindex.com/coin/bitcoin

That said, the stock market futures are pointing toward green, along with the emerging Markets ($EEM). If these areas can hold up, particularity the $EEM, then that would be an indication the market is not excessively risk adverse, potentially supporting bitcoin yet.

[THREE-DAY-TRADER]

This $GBTC fund acts with a 'decay' factor when bitcoin is sideways trading in a tight range, it is a real piece of crap during such periods as now.
One has to always have that in mind when ever attempting to own it or trade it.