HomeUncategorizedGBTC next BTC price black swan? — 5 things to know in Bitcoin this week By Cointelegraph

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

November 21, 2022

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

(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. 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)
(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