We want to share an interesting pattern on the monthly GBTC – Grayscale Bitcoin Trust chart. It’s a nice bullish cup and handle pattern, where handle is supported by 20-month moving average. Cup and Handle is a bullish pattern that can push Crypto market higher. 
GBTC Monthly Technical ChartLooking at the daily chart of GBTC from Elliott wave perspective, it still looks like a nice wave 4 correction that can resume the bullish trend for wave 5 while it’s above that trendline connected from the lows. 
GBTC Daily ChartWe talked about Crypto market, specifically Crypto total market cap chart with ticker TOTAL in our youtube “shorts”. We also see an unfinished five-wave bullish cycle that can send the price towards all-time highs. Check it below.More By This Author:German Bund Is Still Eyeing Yearly Highs
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