Added: Here is a Bloomberg update on today’s ATH in BitCoin. So we have confirmed that GBTC does not yet track accurately and is only a proxy.
Here is a quick chart on GBTC this morning. While it may not absolutely reflect the actual price action on BitCoin, it is all I have to chart at this point.
The chart has a blue Fork or price channel that shows price topped right smack at the top of the channel. It also has a Fib retrace-ment which shows that price hit the 62% Fib retrace-ment of the sharp drop out of the recent top. If this is just a bounce, price should find a bounce high near here or else we may see new highs.
This is a new instrument for me to track, so I will provide periodic updates but do not plan to trade just yet.