The big news dropped yesterday that Grayscale won their case vs the SEC apparently paving the way for a new Bitcoin ETF soon.
Whether any of this is true or not isn’t really our concern.
I couldn’t care less about Grayscale or any of their personal issues.
The “news” is not our problem. What we’re really interested in what is actually happening.
But a 5-6% ripper in Bitcoin yesterday and a near 30% rally in Marathon Digital certainly gets my attention.
First, here is a longer-term look at the structural uptrends in Bitcoin and Ethereum as they both held support from former resistance levels at their prior cycle peaks.
Notice how the buyers stepped in right near those former highs: [Read more…]