BTL Closed at Record High of $4.91 – NIA Up 101.2%!

NIA’s #1 Blockchain stock suggestion BTL Group (TSXV: BTL) gained $0.51 or 11.6% today to close at a new all-time high of $4.91 per share up 101.2% from NIA’s March 3rd suggestion price of $2.44 per share! BTL traded strong volume today of 169,884 shares, but its volume remains low compared to when BTL traded 975,000 shares over a two-day period in early March following NIA’s profile. This is a strong indicator that BTL hasn’t yet reached a short-term peak!

Since NIA’s initial suggestion on March 3rd at $2.44 per share, BTL has been the #3 largest percentage gainer on the TSX Venture with a market cap of $50 million or above!

Based on the current Ethereum price of $48.59 and the median BTL/Ethereum ratio since November 1, 2016 of 0.1354, BTL currently has a fair value of $6.58 per share!

BTL’s 5-day volume weighted average price (VWAP) is currently up to a record high of $4.37. Historically, when BTL reaches a short-term peak, it usually reaches a share price of at least 29.66% above its 5-day VWAP. This would currently value BTL at $5.67 per share!

BTL currently has a 14-day relative strength index (RSI) of only 75. At BTL’s previous short-term peaks, it has averaged a 14-day RSI of 85.