Undercut & Rally - GBTC
|Published:||9 Jun 2021 11:55 ET|
Grayscale Bitcoin ETN GBTC is having undercut and rally entry points using the low of 28 on 5/19. Bitcoin BTC also had one as well yesterday. Bitcoin metrics overall remain bullish. Smaller countries such as El Salvador are making bitcoin an official currency as such are far more likely to embrace blockchain/bitcoin technologies. Paraguay and Panama are two other countries that are likely to make a similar move. Meanwhile, the largest most powerful countries do not want to their their respective native fiat get undermined by bitcoin. Donald Trump recently made such a statement along with some negative old school beliefs about bitcoin that had been laid to rest some years ago.
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