With the May halving upon us, this is yet another tailwind for bitcoin. Limitless QE also is an overriding factor, both which could push bitcoin back to new highs in the coming months. As stated in prior reports (keyword search “bitcoin May halving” in report archives), the halving halves supply while demand from various tailwind effects including the debasement of fiat continues to grow.
Buyable Gap Up - GBTC 4-29-20
|Published:||30 Apr 2020 01:33 ET|
Grayscale bitcoin ETN GBTC had a bottom fishing BGU. GBTC had a pocket pivot on April 2 on which we reported.
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