Bitcoin Strategy(BITO)

Bitcoin Strategy (BITO) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for BITO · data as of Aug 14, 2026. The chart above is live; the read below updates daily.

$8.50last close · Aug 14, 202652-week range $7.87 – $21.64 · 60.72% below the high

BITO Falling Wedge Pattern

BITO is currently forming a falling wedge on the daily timeframe. Detected Aug 14, 2026.

A falling wedge is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $14.68 (+15.9%). Across 8,372 backtested falling wedges, the setup followed through 55.2% of the time, averaging +0.33R; BITO's own falling wedges have hit 60.0%.

DirectionBullishTarget$14.68Projected move+15.9%Breakout level$12.71

New to this pattern? What a falling wedge is and how to trade it →

BITO's Most Recent Falling Wedge Trade

BITO's most recent completed falling wedge resolved as a loss: it broke higher on Jan 13, 2026 near $12.83, then was stopped out at $12.42 on Jan 20, 2026 — a -1.08R move (3.2%) over 4 sessions. Across 16 backtested falling wedges, this setup wins 56.3% of the time.

OutcomeLossResult-1.08REntry$12.83Exit$12.42

Learn about falling wedge

How Falling Wedges Have Performed

Win rate
55.2%
Avg return
+0.33R
Backtested trades
8,372
BITO win rate
60.0%

Historical pattern statistics (2006-08-14 – 2026-08-14), not a prediction.

How these backtests work →

BITO Pattern Trade History

Every completed pattern trade our nightly backtest found on BITO's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Falling WedgeJan 13, 2026 @ $12.82Jan 20, 2026 @ $12.42Loss-1.08R
Falling WedgeJan 2, 2026 @ $12.35Jan 29, 2026 @ $11.66Loss-1.97R
Falling WedgeJul 9, 2025 @ $21.10Jul 25, 2025 @ $22.45Win+1.62R
Bullish PennantJun 25, 2025 @ $21.59Aug 29, 2025 @ $19.54Loss-1.24R
Falling WedgeApr 21, 2025 @ $18.99May 28, 2025 @ $22.52Win+1.41R
Falling WedgeApr 11, 2025 @ $17.87May 28, 2025 @ $22.52Win+3.35R
TriangleFeb 4, 2025 @ $23.11Feb 25, 2025 @ $20.84Win+0.82R
TriangleOct 29, 2024 @ $20.26Nov 4, 2024 @ $18.12Loss-1.23R
Falling WedgeSep 20, 2024 @ $19.06Nov 26, 2024 @ $24.40Win+1.81R
TriangleApr 16, 2024 @ $27.68May 1, 2024 @ $23.21Win+1.10R
TriangleDec 5, 2023 @ $20.94Dec 11, 2023 @ $20.20Loss-0.29R
TriangleOct 3, 2023 @ $14.01Nov 14, 2023 @ $17.74Win+5.83R

Recent Falling Wedges on Other Charts

TJXstopped −2.5%Aug 14, 2026ASMLstopped −8.5%Aug 13, 2026QQQstopped −6.9%Aug 13, 2026QQQMstopped −6.9%Aug 13, 2026

Learn about falling wedge

BITO Support and Resistance Levels

On the weekly chart, the nearest level worth watching is a ceiling overhead near $23.49 — where price has stalled before.

  • There's no clear floor close by yet, so this one line is the main thing to watch — a ceiling often acts like a lid.
  • Watch how price behaves as it approaches $23.49 — that's where the next read tends to form.

Nearest auto-detected resistance near $8.86. These are chart/swing-derived levels, not formula pivots.

Resistance
$8.86

BITO Recent Daily Prices

DateOpenHighLowClose
Aug 14, 2026$8.46$8.54$8.43$8.50
Aug 13, 2026$8.58$8.64$8.47$8.56
Aug 12, 2026$8.63$8.65$8.53$8.55
Aug 11, 2026$8.66$8.68$8.52$8.57
Aug 10, 2026$8.76$8.77$8.61$8.64
Aug 7, 2026$8.81$8.84$8.71$8.79
Aug 6, 2026$8.67$8.79$8.66$8.70
Aug 5, 2026$8.66$8.78$8.63$8.77
Aug 4, 2026$8.63$8.71$8.59$8.68
Aug 3, 2026$8.47$8.67$8.44$8.63

BITO Frequently Asked Questions

What chart pattern is BITO forming right now?
As of Aug 14, 2026, TradingPal's detector identifies a falling wedge on Bitcoin Strategy (BITO) on the daily chart, with a measured-move target of $14.68.
Is a falling wedge bullish or bearish?
The falling wedge detected on BITO is a bullish pattern, projecting a measured-move target of $14.68. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (8,372 trades over 631 symbols), it resolved in the expected direction 55.2% of the time with an average of +0.33R. These are historical statistics, not a prediction.
What are the support and resistance levels for BITO?
Based on auto-detected, swing-derived levels (as of Aug 14, 2026), BITO's nearest support is around n/a and nearest resistance around $8.86.
What is the price target if BITO's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $14.68 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was BITO's closing price on Aug 14, 2026?
Bitcoin Strategy (BITO) last closed at $8.50 on Aug 14, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.