Fidelity Wise Origin Bitcoin Fund (FBTC)

Fidelity Wise Origin Bitcoin Fund is trading at $56.39, up 0.80% on the session. The 50 day average sits at $55.11 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 44.2, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $54.34 with resistance near $56.84, so that band frames the current range. Average daily movement is roughly $1.23, or about 2.2% of the share price, which is what any stop placement has to allow for. The overall health score of 56 out of 100 combines a trend score of 61, momentum of 30 and a risk score of 85.

The index is constructed using bitcoin price feeds from eligible bitcoin spot markets and a volume-weighted median price (“VWMP”) methodology, calculated every 15 seconds based on VWMP spot market data over rolling sixty-minute increments. In seeking to achieve its investment objective, the trust will hold bitcoin and will value its shares daily as of 4:00 p.m. EST using the same methodology used to calculate the index. All of the trust’s bitcoin will be held by the custodian.