Did You Heed Mike's Call Ahead Of Bitcoin's Breakout?
by Mike Paulenoff
August 1, 2020 • 12:27 PM EDT
A week ago Thursday (July 23), with Grayscale Bitcoin Trust (GBTC) at 10.37, Mike Paulenoff posted a bullish -- and very prescient -- analysis of the stock in his Trading Room, noting:
"Coins are the least talked about market or investment vehicle lately, which is just the time when a sudden price move could come out of the blue to alert everyone that Bitcoin is alive and well, and is back!"
Mike predicted GBTC would challenge key near-term resistance from 11.10 to 11.95 en route to multi-month resistance at 12.50-13.00. (See chart below that accompanied his post.)
His timing -- and accuracy -- couldn't have been much better, as GBTC proceeded to run to as high as 13.20 three sessions later on Tuesday (July 28), up 27% from his alert.
Where are GBTC and Bitcoin headed next?
Join Mike's Live Trading Room and find out!
Mike Paulenoff is the author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on
ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international
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Many of you have been members of MPTrader for years, perhaps decades (I have been providing MPTrader.com analysis since February 2003!). Rarely do I take a victory lap about my stock, ETF, and market calls, largely because I have always thought my work should speak for itself, which obviates the need to bloviate and beat my chest to stroke my ego. At my core, I am a market nerd and Geek, not a slick-talking marketer (for better or worse).
