After the Grayscale Bitcoin Trust ETF’s historic spike to new highs, it would be natural for investors to get spooked by a bearish daily chart pattern on the day after its most extreme “overbought” reading in more than six years.
The exchange-traded fund’s GBTC trading history — going back about nine years, well before it converted to a spot bitcoin ETF — shows that being really overbought is much more a sign of its bullish ability than a warning of an impending correction. But what might make this time different is the “bearing…
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