Grayscale Bitcoin Trust (BTC)
Investment Thesis
GBTC has bounced +16% off its 52-week low (~$50), reclaimed the 50-day SMA ($54.25), and posted a bullish MACD crossover — setting up a tactical momentum play with a favorable R/R of roughly 1.7:1. The long-term structure remains bearish (death cross, -23% below 200-day), so this is a counter-trend bounce, not a structural bull call.
Why It May Work
Why It May Not Work
Timeline
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