SRPP New Idea: IBIT

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Power Plays New Idea: IBIT
April 2, 2025

By Scott Redler

Name: iShares Bitcoin Trust ETF

Ticker: IBIT

Price: $49

Needs to Hold: $43 to $46

Price Objective 1: N/A

Price Objective 2: N/A

Bitcoin looks ready to ignite in another active sequence to the upside, so I am adding the iShares Bitcoin Trust ETF (IBIT) to Power Plays here.

Aside from the technical setup, should we get a favorable outcome on the tariffs later today, risk assets including cryptocurrencies should get a nice boost.

-Scott

Scott Redler Positions Disclosure as of 2025-04-02 at 9.49.46 AM

Disclosures

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Power Plays New Idea: IBIT April 2, 2025

By Scott Redler

Power Plays New Idea: IBIT
April 2, 2025