GBTC $54.27 (RSI 45.8, -4.9% 7D). IBIT $39.53 (RSI 46.0, -4.8% 7D). BTC-USD $69,540 (RSI 47.4, -2.0% 7D).
Quick Snapshot
| Signal |
Reading |
| Overall |
🟡 SIDEWAYS — BOUNCE FADING — BTC proxies gave back ~2-5% this week after last week's slight bounce. BTC-USD $69,540 RSI 47.4 mid-range. GBTC/IBIT RSI ~46. All still in death cross strong-down structural downtrend. -44 to -45% from 52wk highs. |
| Key insight |
BTC $69,540 RSI 47.4 — last week's bounce to $71K faded. Death crosses active across all names. -44.9% from 52wk high. No entry signal — structural downtrend intact. |
Action Matrix
| Action |
Stocks |
Why |
| 🔍 WATCH |
GBTC, IBIT, BTC-USD |
RSI 45-47, all death cross, strong-down — no entry until RSI < 30 or trend reversal |
Data (Validated 2026-03-20)
| Stock |
Price |
7D |
30D |
52wkHi |
RSI |
SMA20 |
vs SMA |
Status |
Action |
| GBTC |
$54.27 |
-4.9% |
+2.8% |
-45.3% |
45.8 |
$54.23 |
+0.1% |
🟡 Strong-down, death cross |
🔍 Watch |
| IBIT |
$39.53 |
-4.8% |
+2.9% |
-45.0% |
46.0 |
$39.46 |
+0.2% |
🟡 Strong-down, death cross |
🔍 Watch |
| BTC-USD |
$69,540 |
-2.0% |
+2.3% |
-44.9% |
47.4 |
$70,061 |
-0.7% |
🟡 Strong-down, death cross |
🔍 Watch |
Key Changes vs 03/13
| Stock |
03/13 |
03/20 |
Move |
Note |
| GBTC |
$55.47 |
$54.27 |
-2.2% |
RSI 49 → 45.8 — bounce faded |
| IBIT |
$40.37 |
$39.53 |
-2.1% |
RSI 50 → 46.0 — bounce faded |
| BTC-USD |
$71,173 |
$69,540 |
-2.3% |
RSI 54 → 47.4 — bounce faded |
Key Discoveries
| Discovery |
Implication |
| Last week's bounce fully retraced |
BTC sideways consolidation at $69-71K range — no directional conviction |
Open Questions
- BTC -45% from highs — is $65K the next key support level?
- Add COIN, MSTR, MARA to coverage for better crypto equity exposure?
- Death cross across all names — when does structural trend reverse?