Watch Grayscale Bitcoin Inflows for the USD 40K Breakout Signs – JPMorgan

As bitcoin (BTC) is now seemingly stuck in a range, it could both fall further or push through the USD 40,000 level again – with Grayscale Bitcoin Trust (GBTC) possibly being a determining factor.

After hitting a new all-time high of USD 42,000 in early January, last week, bitcoin dropped to almost USD 30,000 before moving back to USD 40,000 and then correcting lower again.

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