Grayscale Bitcoin Trust (BTC)
Investment Thesis
GBTC's RSI has collapsed to 15 — an extreme reading rarely seen in liquid ETFs — while price sits just 5% above its 52-week low of $49.66. A tactical mean-reversion bounce is forming at structural support, though the dominant trend remains deeply bearish and the idea is strictly short-term.
Catalysts to Watch
RSI(14) dropped to 15.06 on June 2 — an extreme rarely seen — as price closed at $52.16, only 5% above the 52-week low of $49.66, on the highest daily volume in over a month (3.3M shares), suggesting potential climactic selling exhaustion.
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Timeline
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