Bitwise Bitcoin ETF | BITB | Long at $46.25It definitely should get everyone's attention when a US Senator (David McCormick) is willing to dish out up to $600,000 in a Bitcoin ETF ( AMEX:BITB ):
Feb. 27: Bought $50,000 to $100,000
Feb. 28: Bought $15,000 to $50,000
March 3: Bought $50,000 to $100,000
March 5: Bought $15,000 to $50,000
March 10: Bought $50,000 to $100,000
March 11: Bought $15,000 to $50,000
March 13: Bought $15,000 to $50,000
March 20: Bought $50,000 to $100,000
Something may be brewing this year with the "U.S. crypto reserve" and I'll throw down a couple grand at $46.25 with a self-proclaimed wild prediction into 2026: Bitcoin to $120,000.
Bitwise ETF Targets:
$50.00
$55.00
$60.00
$65.00
BITB trade ideas
BTC Bullish or Bearish? AMEX:BITB
Using an AI Super Trend Indicator, on 1hr intervals, the output showed a moderate strength (3) buy signal. Understanding the high volatility and increased levels of trade volume of BTC ETFs as of late, I am now grappling with the idea that we can expect a bull market for the coin. Enclosed is a rough Fibonacci retracement analysis, which illustrates my theoretical prediction.
Speculative Long into BITB ETFI saw a window of opportunity yesterday night and took a small position to went LONG into BITB ETF. You can read more about this ETF here
So you pay zero expense fee for the first six months which is nice. Let's see how it performs in June/July 2024.
A good read comparing the different Bitcoin ETFs