In the case of iShares Bitcoin Trust, the RSI reading has hit 29.9 — by comparison, the RSI reading for the S&P 500 is currently 49.3. A bullish investor could look at IBIT's 29.9 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), IBIT's low point in its 52 week range is $35.30 per share, with $71.82 as the 52 week high point — that compares with a last trade of $37.48. iShares Bitcoin Trust shares are currently trading down about 3.1% on the day.
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Also see:
Office Supplies Dividend Stocks FUT market cap history
ELLI Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
