SUMMARY
Bitcoin Investment Trust (GBTC) has pierced the long term support line for the second time and likely setting up a bull flag event. What this means is that price needs to resurface back above the support line and often this could take a few days. A decisive breach would lead to newer lows.
The MACD in this 4 hour chart is bound within the contracting symmetrical triangle lines. The brown arrow line would likely call for a small dip towards the lower suport line and yes, price is expected to follow which would also satisfy the bull wick making. The price is also moveing within a bull flag, downward pointing, channel. The confluence of pattern and waves and Indicator is quite noticeable.
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