After reaching new depths below the 8k level near the end of September, market valuations in BTC/USD have been largely trendless. Over the last month, bitcoin has been caught in a narrowing price range that has made it difficult for quantitative traders to plot the next trend direction for the crypto pair. Can price correlations between BTC and the GBTC offer some predictive value? One analyst says this is unlikely. On September 24th, major sellingRead MoreThe post Bitcoin Analyst: Trends in GBTC Premium Offer Limited Predictive Value appeared first on Bitcoinist.com.
