$GBTC Analysis After Spot Bitcoin ETF Launch
- GBTC has been actively traded before the spot Bitcoin ETF approval
- GBTC opened slightly higher today with much more trading volume
- High trading volume = $36.8 million, much higher than the average $7.3 million trading volume over the past 30 days
- GBTC is currently at a strong resistance target, which is concerning that the ETF approved as the price is approaching a key resistance level
- The 1-week RSI is also extremely overbought and needs a correction
- GBTC opened slightly higher today with much more trading volume
- High trading volume = $36.8 million, much higher than the average $7.3 million trading volume over the past 30 days
- GBTC is currently at a strong resistance target, which is concerning that the ETF approved as the price is approaching a key resistance level
- The 1-week RSI is also extremely overbought and needs a correction
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