Bitcoin back in the trading range with a big green candle. Elon Musk made some positive comments and that pumped BTC price. Bitcoin need to hold the $31,000-$31,100 support zone on daily candle to remain in the trading range and give a retest to $33,000 and $35,000 resistance zones.
The GBTC market price continued to trade at a notable discount last week, ranging between -11.0% and down to -15.3%. Whilst the discount has recovered from the absolute lows of -21.3% to NAV, any significant and persistent discount suggests lacklustre demand, and can also attract capital away from spot BTC markets.
ADA tested the major support zone of $1-$1.1 and now rejecting from the local resistance area. ADA need to break the major resistance area of $1.4 to again turn bullish. If ADA unable to break the local resistance of $1.215 then we see another retest of the major support zone.