We want to share an interesting pattern on the monthly GBTC – Grayscale Bitcoin Trust chart. It’s a nice bullish cup and handle pattern, where handle is supported by 20-month moving average. Cup and Handle is a bullish pattern that can push Crypto market higher.

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GBTC Monthly Technical Chart

Looking at the daily chart of GBTC from Elliott wave perspective, it still looks like a nice wave 4 correction that can resume the bullish trend for wave 5 while it’s above that trendline connected from the lows.

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GBTC Daily Chart

We talked about Crypto market, specifically Crypto total market cap chart with ticker TOTAL in our youtube “shorts”. We also see an unfinished five-wave bullish cycle that can send the price towards all-time highs. Check it below.

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