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Bullboard - Stock Discussion Forum Bitcoin Fund Units Class A T.QBTC

The Bitcoin Fund (the Fund) is a Canada-based closed-ended investment fund. The investment objectives of the Fund are to seek to provide unitholders of the Fund with exposure to the digital asset bitcoin (bitcoin) and the daily price movements of the United States dollar price of bitcoin, and the opportunity for long-term capital appreciation. The Fund invests in long-term holdings of bitcoin... see more

TSX:QBTC - Post Discussion

Bitcoin Fund Units Class A > Dead Cat Bounce for BTC
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Post by phred7 on Feb 24, 2021 1:00am

Dead Cat Bounce for BTC

Will probably drop to $45,000 US - if it goes past this , then bottom at $42... over the next 2 weeks.

My best guess.  Have fun!
Comment by phred7 on Feb 26, 2021 7:40am
Hmmm bottomed at $44 USD.... pretty close. BC should jump today when $1.9 trillion bill is passed.... 
Comment by Gilly123 on Feb 26, 2021 7:50pm
Agreed. Worse case scenario for the next few weeks. 42k will probably last 30minutes before it gets bought up. Lets be clear...we are super bullish dont even worry at this point. There is easily a 2-4 gain this year. Another 2btrillion of retail fomo and institutional fomo will do the trick. Then.... where we are now will be support in the bear market.
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