Fidelity Wise Origin Bitcoin Fund (FBTC)

Fidelity Wise Origin Bitcoin Fund is trading at $66.71, down 5.01% on the session. The 50 day average sits at $69.63 and the 200 day at $63.97, which puts the stock in a uptrend. RSI is at 44.2, which reads as weak, and MACD is bearish crossover. Volume is above average.

The nearest support is around $69.33 with resistance near $69.46, so that band frames the current range. Average daily movement is roughly $1.83, or about 2.7% of the share price, which is what any stop placement has to allow for. The overall health score of 63 out of 100 combines a trend score of 80, momentum of 28 and a risk score of 85.

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.