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Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Grayscale Bitcoin Trust (BTC) Common Units of fractional undivided beneficial interest (PACF:GBTC)
Sidelines Mode (-55) - GBTC is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBTC?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBTC.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBTC
The long-term trend has been UP since Feb 8th, 2024 at 40.47
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 57.52
The short-term trend has been UP since May 3rd, 2024 at 54.72
Smart Scan Analysis for GBTC
Based on our trend formula, GBTC is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 55.1600 | 55.9200 | 54.9600 | 55.2788 | -0.8312 |
| Prev. Close | Volume | Bid | Ask | Time |
| 56.1100 | 3755724 | 2024-05-08 15:59:43 |
| 52wk High | 65.61 | 52wk High Date | 2024-03-13 |
| 52wk Low | 10.875 | 52wk Low Date | 2023-07-18 |
| Average Volume | 9,286,159 | Shares Outstanding | 333,300 |
| Assets | 263,504,700M |