Auto-detected technical analysis for BITO · data as of Jun 30, 2026. The chart above is live; the read below updates daily.
$7.98last close · Jun 30, 2026
BITO rising wedge pattern
BITO is currently forming a Rising Wedge on the daily timeframe. Detected Jun 30, 2026.
A Rising Wedge is a breakdown that suggests the recent run may be rolling over. A breakout projects a measured-move target near $9.52 (−16.2%). Across 14,154 backtested rising wedges, the setup followed through 49.3% of the time, averaging +0.13R.
BITO's most recent completed Rising Wedge resolved as a win: it broke down on May 14, 2026 near $11.13, then reached its target at $9.52 on Jun 2, 2026 — a +14.60R move (14.4%) over 12 sessions. Across 11 backtested rising wedges, this setup wins 45.5% of the time.
OutcomeWinResult+14.60REntry$11.13Exit$9.52
How rising wedges have performed
Win rate
49.3%
Avg return
+0.13R
Backtested trades
14,154
Historical pattern statistics (1986-12-18 – 2026-06-11), not a prediction.
BITO support and resistance levels
A chance to go short showed up on the weekly chart about 2 weeks ago: price ran up to $8.61 — a level traders often watch as a target (100% of the prior move) — and has since turned back below it, the kind of rejection a short plays for.
What would have called it off: a weekly close back above $8.61, where the turn lower would have failed.
Nearest auto-detected resistance near $11.01. These are chart/swing-derived levels, not formula pivots.
Resistance
$11.01$21.03$21.34
BITO recent daily prices
Date
Open
High
Low
Close
Jun 30, 2026
$7.93
$8.03
$7.88
$7.98
Jun 29, 2026
$8.13
$8.24
$7.99
$8.19
Jun 26, 2026
$8.00
$8.23
$7.99
$8.12
Jun 25, 2026
$8.30
$8.32
$7.87
$8.06
Jun 24, 2026
$8.39
$8.43
$8.01
$8.15
Jun 23, 2026
$8.43
$8.54
$8.41
$8.47
Jun 22, 2026
$8.82
$8.92
$8.73
$8.76
Jun 18, 2026
$8.75
$8.75
$8.46
$8.56
Jun 17, 2026
$8.83
$9.04
$8.70
$8.73
Jun 16, 2026
$8.97
$9.01
$8.88
$8.92
BITO frequently asked questions
What chart pattern is BITO forming right now?
As of Jun 30, 2026, TradingPal's detector identifies a Rising Wedge on Bitcoin Strategy (BITO) on the daily chart, with a measured-move target of $9.52.
Is a Rising Wedge bullish or bearish?
The Rising Wedge detected on BITO is a bearish pattern, projecting a measured-move target of $9.52. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a Rising Wedge pattern, and what is its win rate?
Across TradingPal's backtest of the Rising Wedge family (14,154 trades over 516 symbols), it resolved in the expected direction 49.3% of the time with an average of +0.13R. 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 Jun 30, 2026), BITO's nearest support is around n/a and nearest resistance around $11.01.
What is the price target if BITO's pattern breaks out?
The detected Rising Wedge has a geometry-based measured-move target of $9.52 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was BITO's closing price on Jun 30, 2026?
Bitcoin Strategy (BITO) last closed at $7.98 on Jun 30, 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.
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