Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

GBTC next BTC price black swan? — 5 things to know in Bitcoin this week

Published 11/21/2022, 04:22 AM
Updated 11/21/2022, 06:20 AM
GBTC next BTC price black swan? — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week still replaying November 2020 after its lowest weekly close in two years.

The largest cryptocurrency, just like the rest of the crypto industry, remains highly susceptible to downside risk as it continues to deal with the fallout from the implosion of exchange FTX.

GBTC premium vs. asset holdings vs. BTC/USD chart. Source: Coinglass
BTC/USD 1-week candle chart (Bitstamp). Source: TradingView
BTC/USD 1-day candle chart (Bitstamp) with Bollinger bands. Source: TradingView
BTC/USD annotated chart. Source: Crypto Tony/ Twitter
BTC/USD annotated chart. Source: Aksel Kibar/ Twitter
German Producer Price Index (PPI) chart. Source: Federal Statistical Office (Destatis)
U.S. dollar index (DXY) 1-day candle chart with 100 MA. Source: TradingView
Bitcoin network fundamentals overview (screenshot). Source: BTC.com
Bitcoin Miner Position Index (MPI) chart. Source: CryptoQuant
BTC/USD annotated chart. Source: Moustache/ Twitter
BTC/USD MVRV-Z Score annotated chart. Source: Moustache/ Twitter
BTC/USD 1-week candle chart (Bitstamp). Source: TradingView

Continue Reading on Coin Telegraph

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.