GBTC actually formed a lower low and closed the week above the 1.618 fib at $13.12 with weekly bullish divergence & a weekly bullish engulfing candle. Expecting a gap fill up to the .382 fib at $17.4. Confirmed weekly buy signal on Cipher B.
The premium to NAV is still sitting at all time lows at -31%. Illustrating this on the GBTC chart, BTC is not far off its 200W MA; meanwhile, GBTC is almost ~50% away from its 200W MA! I'm not seeing much coverage and hype on GBTC on social media either, so I'm buying here.