Grayscale Bitcoin(GBTC)

Grayscale Bitcoin (GBTC) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for GBTC · data as of Jul 22, 2026. The chart above is live; the read below updates daily.

$51.08last close · Jul 22, 202652-week range $44.98 – $99.12 · 48.47% below the high

GBTC Falling Wedge Pattern

GBTC is currently forming a falling wedge on the daily timeframe. Detected Jul 22, 2026.

A falling wedge usually breaks higher, but GBTC is breaking lower out of it instead — a notably bearish turn. A breakout projects a measured-move target near $66.08 (−13.4%). Across 10,683 backtested falling wedges, the setup followed through 56.4% of the time, averaging +0.52R; GBTC's own falling wedges have hit 53.8%.

DirectionBearishTarget$66.08Projected move−13.4%Breakout level$76.78

New to this pattern? What a falling wedge is and how to trade it →

GBTC's Most Recent Bullish Pennant Trade

GBTC's most recent completed bullish pennant resolved as a win: it broke higher on Jul 9, 2025 near $87.15, then reached its target at $91.87 on Jul 25, 2025 — a 5.4% move (+1.12R) over 12 sessions. Across 29 backtested bullish pennants, this setup wins 55.2% of the time.

OutcomeWinResult+5.4%R+1.12REntry$87.15Exit$91.87

Learn about bullish pennant

How Falling Wedges Have Performed

Win rate
56.4%
Avg return
+0.52R
Backtested trades
10,683
GBTC win rate
53.8%

Historical pattern statistics (1987-01-30 – 2026-07-17), not a prediction.

How these backtests work →

GBTC Pattern Trade History

Every completed pattern trade our nightly backtest found on GBTC's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Bullish PennantJul 9, 2025 @ $87.15Jul 25, 2025 @ $91.87Win+9.1% · +1.12R
Falling WedgeApr 16, 2025 @ $67.44May 29, 2025 @ $83.26Win+18.1% · +2.07R
Falling WedgeApr 11, 2025 @ $65.12May 5, 2025 @ $74.42Win+17.9% · +1.75R
Falling WedgeMar 19, 2025 @ $66.93Apr 8, 2025 @ $60.61Loss+17.9% · -1.10R
TriangleFeb 24, 2025 @ $74.09Mar 10, 2025 @ $61.77Win+17.7% · +2.67R
Falling WedgeJan 16, 2025 @ $79.56Feb 25, 2025 @ $69.62Loss+15.5% · -1.12R
Falling WedgeMay 8, 2024 @ $55.87Jun 11, 2024 @ $59.88Win+17.3% · +1.71R
Bullish PennantJan 8, 2024 @ $38.01Jan 17, 2024 @ $37.94Loss+16.1% · -0.02R
Falling WedgeMay 18, 2023 @ $14.34Jun 16, 2023 @ $15.12Loss+22.2% · -1.08R
TriangleJan 5, 2023 @ $8.48Jan 30, 2023 @ $11.89Win+17.8% · +4.53R
TriangleDec 27, 2022 @ $8.04Jan 9, 2023 @ $9.65Loss+24.1% · -2.27R
Falling WedgeOct 20, 2022 @ $11.41Nov 8, 2022 @ $10.56Loss+22.6% · -1.16R

Recent Falling Wedges on Other Charts

ALNYhit target +18.8%Jul 22, 2026BAstopped −7.9%Jul 21, 2026BDXhit target +2.8%Jul 21, 2026HIIhit target +13.1%Jul 21, 2026

Learn about falling wedge

GBTC Support and Resistance Levels

Price found a floor near $46.27 about 6 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $87.53 — still about 71% away.

  • Traders commonly watch $87.53 as a target (its 78.6% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $46.27 floor about 6 weeks ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

GBTC Recent Daily Prices

DateOpenHighLowClose
Jul 22, 2026$50.84$51.42$50.80$51.08
Jul 21, 2026$51.43$51.88$51.19$51.49
Jul 20, 2026$49.97$50.95$49.62$50.45
Jul 17, 2026$48.67$49.88$48.40$49.71
Jul 16, 2026$49.76$50.25$49.56$49.78
Jul 15, 2026$50.61$50.82$50.15$50.34
Jul 14, 2026$49.53$50.34$49.22$50.03
Jul 13, 2026$48.40$48.77$47.86$48.22
Jul 10, 2026$49.73$50.17$49.39$49.56
Jul 9, 2026$48.55$49.21$48.41$49.00

GBTC Frequently Asked Questions

What chart pattern is GBTC forming right now?
As of Jul 22, 2026, TradingPal's detector identifies a falling wedge on Grayscale Bitcoin (GBTC) on the daily chart, with a measured-move target of $66.08.
Is a falling wedge bullish or bearish?
The falling wedge detected on GBTC is a bearish pattern, projecting a measured-move target of $66.08. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (10,683 trades over 628 symbols), it resolved in the expected direction 56.4% of the time with an average of +0.52R. These are historical statistics, not a prediction.
What is the price target if GBTC's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $66.08 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was GBTC's closing price on Jul 22, 2026?
Grayscale Bitcoin (GBTC) last closed at $51.08 on Jul 22, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.