Grayscale Bitcoin Trust ETF (GBTC)

Grayscale Bitcoin Trust ETF is trading at $50.17, up 0.84% on the session. The 50 day average sits at $49.08 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 43.9, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $48.40 with resistance near $50.59, so that band frames the current range. Average daily movement is roughly $1.09, 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 trust’s Bitcoins are carried, for financial statement purposes, at fair value as required by U.S. generally accepted accounting principles (“GAAP”). The trust determines the fair value of Bitcoins based on the price provided by the Digital Asset Market that the trust considers its principal market as of 4:00 p.m., New York time, on the valuation date.