Could Bitcoin Collapse By 25% to $6000? GBTC Premium Implies So

Could Bitcoin Collapse By 25% to $6,000? GBTC Premium Implies So

As reported by NewsBTC yesterday, the Bitcoin (BTC) price has been relatively trendless as of late, falling under $8,300 after attempting to consolidate above $8,500. Some say that this non-volatility is an indicator that this market may soon break higher, looking to the fact that market trends, fundamentals, and the macro backdrop ( semi-quantitative easing) have started to trend in favor of decentralized monies.