Fidelity Wise Origin Bitcoin Fund (FBTC)

Fidelity Wise Origin Bitcoin Fund is trading at $67.04, down 2.29% on the session. The 50 day average sits at $57.23 and the 200 day at $65.41, which puts the stock in a downtrend. RSI is at 72.9, which reads as overbought, and MACD is bullish crossover. Volume is below average.

The nearest support is around $54.35 with resistance near $70.37, so that band frames the current range. Average daily movement is roughly $1.85, or about 2.8% of the share price, which is what any stop placement has to allow for. The overall health score of 68 out of 100 combines a trend score of 67, momentum of 78 and a risk score of 54.

The index is constructed using bitcoin price feeds from eligible bitcoin spot markets and a volume-weighted median price (“VWMP”) methodology, calculated every 15 seconds based on VWMP spot market data over rolling sixty-minute increments. In seeking to achieve its investment objective, the trust will hold bitcoin and will value its shares daily as of 4:00 p.m. EST using the same methodology used to calculate the index. All of the trust’s bitcoin will be held by the custodian.