The Importance of a Bitcoin Trust & why do we have themWe all know the term NOT YOUR KEYS NOT YOUR CRYPTO so why would anyone invest into a CRYPTOCAP:BTC TRUST? How do we benefit from this & should we hold it long term?
Before I answer this let me give you a understanding of (GBTC).
Grayscale’s Bitcoin Trust (GBTC) is a financial product that allow
Grayscale Bitcoin Trust (BTC)
73.92USDR
+0.08+0.11%
At close at Apr 24, 23:59 GMT
USD
No trades
Key stats
About Grayscale Bitcoin Trust (BTC)
Home page
Inception date
Jan 11, 2024
Structure
Grantor Trust
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
39.60%
Primary advisor
Grayscale Investments LLC
Established in 2013, GBTC boasts a lengthy track record as one of the pioneering publicly traded Bitcoin funds. Functioning as one of the initial securities exclusively and passively dedicated to Bitcoin, Grayscale Bitcoin Trust allows investors to participate in BTC while eliminating the complexities associated with the direct acquisition, storage, and safekeeping of BTC. As an actively traded spot Bitcoin ETF, GBTC provides investors with considerable flexibility in managing their positions.
Classification
Symbol
Geography
Global
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GBTC BarsGrayscale is following similar bar pattern fractal as previous 2 cycles and hitting resistance on major macro trendlines coming off the previous ATH. Nice steady uptrend since beginning of 2023
ALong

Potential Top for Bitcoin and GBTCWe have reached an area where Bitcoin has topped in terms of the Grayscale #Bitcoin product. This has been a good indicator of when to sell Bitcoin and the end of the halving cycle.
AShort

Cup and Handle Formation Spotted On GBTCWe want to share an interesting pattern on the monthly GBTC – Grayscale Bitcoin Trust chart. It’s a nice bullish cup and handle pattern, where the handle is supported by a 20-month moving average. Cup and Handle is a bullish pattern that can push GBTC, Bitcoin and the whole Crypto market higher at t
ALong

GBTC holds all time support growth curve up 500%Follow @ethanalysis for incredible but VERY rare calls like this. #GBTC, #BTC, #CKB.
ALong

GBTC Is Looking For A Bullish Resumption After Bitcoin HalvingWe talked about bullish GrayScale Bitcoin Investment Trust (GBTC) already back on February 28th with a weekly free chart, where we mentioned and highlighted an ongoing five-wave impulsive bullish cycle.
Well, as we actually expected, after GBTC reached all-time highs, we can see a projected slow do
ALong

Bitcoin ETF: Sideways Action to Pattern Out Excessive GainsProbably the most popular Stock Exchange Traded Bitcoin Trust at this time, AMEX:GBTC has started a consolidation that may turn into a small triangle formation. Triangles are a form of a consolidation that can work to pattern out excessive price gains without a run or correction down.
This is the
GBTC: SAME 2016 PATTERN?Hi guys,
I was looking on GBTC chart and I saw this pattern that seems too similar to first cycle for Grayscale.
Rsi moved quite similar, if we see the same scenario Btc could drop 40-50% just 1 week later the Halving, but who knows.
Is this relevant for who has bought the low? Obviously not, so f
Gbtc end of era or bitcoin new bear market Its look like we are going to new bear market
In btc Am not sure of this
But this analysis shows gbtc already topped
By fake breakout of triple top
And 3 tops on volume bars
Also every time on tops volume on gbtc going to much high
So were we are going?
We will get correction
In volume or in pri
AShort

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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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