Grayscale Bitcoin Trust GBTC Stock Price is finally showing some life as it reverses trend. GBTC stock quote is up -17% in the last 5 days.
I will be evaluating many factors to determine just how hot the stock is.
The official heat level for GBTC is, a 🔥🔥2 out of 4.
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Before I go over this exciting trending stock, I wanted to introduce myself. Hello 🙋♂️ My name is Alexander Goldman. I have been trading, at a very high level, breakout stocks and trending stocks for 20 years now. I’m accredited for establishing the coveted HOT grading system for trending stocks.
Don’t believe me, well you shouldn’t without proof!
Take a look at this article I wrote below, where I called 5 stocks, 3 losers and 2 winners and they all did what I thought!
The article is HERE and I shine a spotlight on these breakout stocks and also those losers!
Now, let’s go over some of the basic information on this stock before we get in the technical analysis and how I came up with HOT grade.
Grayscale Bitcoin Trust GBTC Stock Price Company Information
Company Name: Grayscale Bitcoin Trust
Breakout Stock Grayscale Bitcoin Trust Company Summary:
Grayscale Bitcoin Trust (BTC) is an investment vehicle that enables investors to gain access and exposure to Bitcoin in the form of a security without the challenges of buying, storing, and safekeeping Bitcoin directly. The company was founded on September 13, 2013 and is headquartered in Stamford, CT.
Grayscale Bitcoin Trust GBTC stock price 5 Day Chart
GBTC Stock Price HOT Stock Grade:
The official heat level for GBTC is, a 🔥🔥2 out of 4 . Continue reading to see why I think it is just a 3 out of 5. Here are my takeaways on PETZ and why it is just a 3 out of 4.
The volume, is solid right now but it does tend to be slow at times. I think it is very important to be over $20.00 so keep an eye on the price action.
Apr 06, 2022 (GLOBE NEWSWIRE via COMTEX) — NEW YORK, April 06, 2022 (GLOBE NEWSWIRE) — Grayscale Investments(R), the world’s largest digital currency asset manager, and manager of Grayscale(R) Digital Large Cap Fund (OTCQX: GDLC) (Digital Large Cap Fund), Grayscale(R) DeFi Fund (DeFi Fund), and Grayscale(R) Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund), today announced the updated Fund Component weightings for each product in connection with their respective first quarter 2022 reviews.
The chart, it is bearish and the overall trend has been that way for some time.
The fundamentals, there financials are not very good. This draws serious concerns!
Marketing efforts, I have not found serious marketing efforts around the investor awareness of this company. Like a product, a company needs to market itself.
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