Should You Join The Bitcoin Rally?

Summary

  • 356.75% gain in the last year.
  • 32.72% gain in the last 5 days.
  • 33,242.86% gain since inception.

The Barchart Chart of the Day belongs to the Bitcoin ETF Greyscale Bitcoin Trust (OTC: GBTC). It's hard to watch the financial news without hearing about Bitcoin and this is an easy way to invest in it.

Show Chart

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

  • 24% technical buy signals
  • 109.51+ Weighted Alpha
  • 356.75% gain in the last 12 months
  • Trend Spotter buy signal
  • Above its 20, 50, and 100 day moving averages
  • 32.72% gain in the last 5 days
  • Technical support level at 36.61
  • Recently traded at 42.47 with a 50 day moving average of 36.82

Fundamental factors:

  • AUM $32.3 billion
  • The experts on TipRanks give it a neutral rating of 5 out of 10
  • 77,320 investors are monitoring the Trust on Seeking Alpha

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.