Bitcoin's Technicals Suggests Deeper Pullback to $38K: Analyst

Analysts at 10x Research predict that the current sell-off of bitcoin could persist in the near future. Despite bitcoin reaching a two-year high above $49,000 last week, the 14-day RSI indicator did not confirm this upward trend. Grayscale's GBTC shares, which have been tradable since 2013, became redeemable on January 11th. However, 10x Research criticizes Grayscale for charging a 2.0% management fee on GBTC, especially considering that the product once traded at a 50% discount to its net asset value. With negative news surrounding .

However, 10x Research criticizes Grayscale for charging a 2.0% management fee on GBTC, especially considering that the product once traded at a 50% discount to its net asset value.Grayscale and its parent company DCG, 10x Research suggests that investors may opt for other reputable firms with significantly lower fees.
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