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Stock Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

Grayscale Bitcoin Trust (BTC) Common Units of fractional undivided beneficial interest (PACF:GBTC)

Countertrend Up (+85) - GBTC is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

PACF_GBTC
Open High Low GBTC Price Change
59.97 61.75 59.53 61.55 +1.85
Entry Signal

MarketClub’s Trade Triangles for GBTC

long term up The long-term trend has been UP since Feb 8th, 2024 at 40.47

intermediate term up The intermediate-term trend has been UP since May 17th, 2024 at 59.83

short term down The short-term trend has been DOWN since May 23rd, 2024 at 59.40

Smart Scan Analysis for GBTC

Based on our trend formula, GBTC is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBTC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
59.97 61.75 59.53 61.55 +1.85
Prev. Close Volume Bid Ask Time
61.53 4457702 2024-05-24 16:00:00
52wk High65.6152wk High Date2024-03-13
52wk Low10.87552wk Low Date2023-07-18
Average Volume6,322,086Shares Outstanding333,300
Assets263,504,700M
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