Grayscale Bitcoin(GBTC)

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

Auto-detected technical analysis for GBTC · data as of Aug 14, 2026. The chart above is live; the read below updates daily.

$48.68last close · Aug 14, 202652-week range $44.98 – $99.12 · 50.89% below the high

GBTC Bullish Pennant Pattern

GBTC is currently forming a bullish pennant on the daily timeframe. Detected Aug 14, 2026.

A bullish pennant is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $93.87 (+9.1%). Across 2,746 backtested bullish pennants, the setup followed through 57.6% of the time, averaging +0.98R; GBTC's own bullish pennants have hit 66.7%.

DirectionBullishTarget$93.87Projected move+9.1%Breakout level$86.58

New to this pattern? What a bullish pennant is and how to trade it →

GBTC's Most Recent Falling Wedge Trade

GBTC's most recent completed falling wedge (which broke against type) resolved as a win: it broke down on Nov 14, 2025 near $74.61, then reached its target at $65.87 on Nov 21, 2025 — a +1.01R move (11.7%) over 5 sessions. Across 48 backtested falling wedges, this setup wins 68.8% of the time.

OutcomeWinResult+1.01REntry$74.61Exit$65.87

Learn about falling wedge

How Bullish Pennants Have Performed

Win rate
57.6%
Avg return
+0.98R
Backtested trades
2,746
GBTC win rate
66.7%

Historical pattern statistics (2006-08-15 – 2026-08-14), 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
Falling WedgeNov 14, 2025 @ $74.61Nov 21, 2025 @ $65.87Win+1.01R
Bullish PennantJul 9, 2025 @ $87.15Jul 25, 2025 @ $91.87Win+1.12R
Falling WedgeApr 21, 2025 @ $68.89May 29, 2025 @ $83.26Win+1.58R
Falling WedgeApr 11, 2025 @ $65.12May 5, 2025 @ $74.42Win+1.75R
Falling WedgeMar 19, 2025 @ $66.89Apr 8, 2025 @ $60.61Loss-1.10R
TriangleFeb 26, 2025 @ $67.86Mar 10, 2025 @ $61.77Win+0.56R
Falling WedgeJan 21, 2025 @ $83.34Feb 25, 2025 @ $69.62Loss-1.09R
TriangleOct 30, 2024 @ $57.09Nov 26, 2024 @ $72.17Win+2.87R
TriangleSep 13, 2024 @ $46.22Nov 26, 2024 @ $72.17Win+6.74R
Rising WedgeJun 12, 2024 @ $61.20Jun 24, 2024 @ $52.79Win+3.11R
Falling WedgeMay 10, 2024 @ $55.87Jul 5, 2024 @ $50.15Loss-1.03R
Bullish PennantJan 8, 2024 @ $38.01Jan 17, 2024 @ $37.94Loss-0.02R

Recent Bullish Pennants on Other Charts

SWKhit target +11.1%Aug 14, 2026JCIhit target +9.8%Aug 13, 2026DECKstopped −16.6%Aug 12, 2026EBAYstopped −6.1%Aug 12, 2026

Learn about bullish pennant

GBTC Support and Resistance Levels

Price found a floor near $45.85 about 2 months ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $87.53 — still about 80% 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 $45.85 floor about 2 months ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

Nearest auto-detected support sits near $45.81, resistance near $87.76. These are chart/swing-derived levels, not formula pivots.

Resistance
$87.76$90.87
Support
$45.81

GBTC Recent Daily Prices

DateOpenHighLowClose
Aug 14, 2026$48.54$48.92$48.36$48.68
Aug 13, 2026$49.19$49.51$48.61$49.05
Aug 12, 2026$49.48$49.57$48.96$49.04
Aug 11, 2026$49.65$49.71$48.91$49.13
Aug 10, 2026$50.25$50.25$49.36$49.53
Aug 7, 2026$50.46$50.59$49.93$50.30
Aug 6, 2026$49.69$50.30$49.64$49.88
Aug 5, 2026$49.65$50.27$49.43$50.19
Aug 4, 2026$49.41$49.87$49.22$49.73
Aug 3, 2026$48.54$49.60$48.38$49.43

GBTC Frequently Asked Questions

What chart pattern is GBTC forming right now?
As of Aug 14, 2026, TradingPal's detector identifies a bullish pennant on Grayscale Bitcoin (GBTC) on the daily chart, with a measured-move target of $93.87.
Is a bullish pennant bullish or bearish?
The bullish pennant detected on GBTC is a bullish pattern, projecting a measured-move target of $93.87. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a bullish pennant pattern, and what is its win rate?
Across TradingPal's backtest of the bullish pennant family (2,746 trades over 631 symbols), it resolved in the expected direction 57.6% of the time with an average of +0.98R. These are historical statistics, not a prediction.
What are the support and resistance levels for GBTC?
Based on auto-detected, swing-derived levels (as of Aug 14, 2026), GBTC's nearest support is around $45.81 and nearest resistance around $87.76.
What is the price target if GBTC's pattern breaks out?
The detected bullish pennant has a geometry-based measured-move target of $93.87 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was GBTC's closing price on Aug 14, 2026?
Grayscale Bitcoin (GBTC) last closed at $48.68 on Aug 14, 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.