/GBXT (Bitcoin futures) are still drifting down within the bullish falling wedge but what a beautiful looking wedge this is. That doesn’t mean that is will or must breakout to the upside & play out to the measured target but with the positive divergences continuing to build on the indicators below, coupled with the fact that prices are now approaching the “sweet spot” of the wedge where breakouts typically occur, I think it is worth watching /GXBT or GBTC for those that don’t have a futures account.
GXBT 60-min April 6th
I prefer to use /GXBT for charting purposes as GBTC, although it trades on the OTC market & can be bought & sold just like any other stock or ETF, trades at a discount or premium to Bitcoin prices & as such, the charts of GBTC can stray from the price of Bitcoin & paint a slightly distorted picture of the price history.