Victory For Bitcoin
- CUHK Quant Trading Society
- Aug 30, 2023
- 1 min read
Grayscale lands massive court victory over SEC in battle for spot Bitcoin ETF on Tuesday. Bitcoin experienced a surge in value following Grayscale's legal victory, bouncing off a shelf of former highs. The one-period Rate of Change (ROC) showed the greatest increase since mid-March 2023.
If the price of BTC remains above the $25,000 polarity zone, the price action indicates a classic reversal pattern. To confirm a strong reversal, we are looking for a breakout above the pivot highs and the $30,000 level.
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