BitcoinIBIT

Bitcoin (IBIT) chart patterns, support & resistance & technical analysis

Auto-detected technical analysis for IBIT · data as of Aug 28, 2026. The chart above is live; the read below updates daily.

$43.90last close · Aug 28, 202652-week range $32.84 – $71.82 · 38.87% below the high

IBIT falling wedge pattern

IBIT is currently forming a falling wedge on the daily timeframe. Detected Aug 28, 2026.

A falling wedge usually breaks higher, but IBIT is breaking lower out of it instead — a notably bearish turn. A breakout projects a measured-move target near $47.69 (−13.8%).

DirectionBearishTarget$47.69Projected move−13.8%Breakout level$55.65

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

IBIT's most recent triangle trade

IBIT's most recent completed triangle resolved as a win: it broke down on Oct 22, 2026 near $45.93, then reached its target at $41.25 on Nov 10, 2026 — a 10.2% move (+2.19R) over 13 sessions. Across 174,480 backtested triangles, this setup wins 40.9% of the time.

OutcomeWinResult+10.2%R+2.19REntry$45.93Exit$41.25

Learn about triangle

IBIT pattern trade history

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

PatternEntryExitOutcomeResult
TriangleOct 22, 2026 @ $45.93Nov 10, 2026 @ $41.25Win+10.2% · +2.19R
Falling wedgeOct 20, 2026 @ $46.83Oct 27, 2026 @ $45.27Loss+4.4% · -1.36R
Falling wedgeAug 5, 2026 @ $36.65Oct 5, 2026 @ $48.74Win+29.1% · +9.49R
Falling wedgeJul 20, 2026 @ $37.19Oct 5, 2026 @ $48.74Win+28.5% · +6.33R
Rising wedgeMay 15, 2026 @ $44.62May 28, 2026 @ $41.62Win+6.7% · +1.54R
TriangleApr 22, 2026 @ $44.50May 29, 2026 @ $41.33Loss+10.9% · -1.47R
TriangleApr 17, 2026 @ $43.63Jun 2, 2026 @ $39.02Loss+10.9% · -2.18R
TriangleOct 2, 2025 @ $67.97Oct 15, 2025 @ $63.29Loss+5.9% · -1.21R
TriangleOct 1, 2025 @ $67.03Oct 16, 2025 @ $63.09Loss+11.4% · -1.16R
Falling wedgeSep 8, 2025 @ $64.17Sep 29, 2025 @ $63.72Loss+7.5% · -0.22R
Falling wedgeSep 5, 2025 @ $64.12Sep 23, 2025 @ $64.16Win+3.7% · +0.02R
Rising wedgeAug 1, 2025 @ $64.98Aug 11, 2025 @ $68.39Loss+20.0% · -1.00R

Falling wedge examples on other charts

Historical examples from the published simulation. This selection is not a win-rate sample.

Learn about falling wedge

IBIT support and resistance levels

Nothing notable near price right now — the chart is quiet on the weekly view, and that's perfectly normal.

  • Much of the time charts simply drift between levels; the best reads are worth waiting for.
  • Keep an eye out for price approaching a floor (where it tends to steady) or a ceiling (where it tends to stall) — that's usually where the next readable move begins.

IBIT recent daily prices

DateOpenHighLowClose
Aug 28, 2026$44.87$45.27$43.53$43.90
Aug 27, 2026$44.92$45.81$44.67$45.29
Aug 26, 2026$44.20$44.56$43.95$44.46
Aug 25, 2026$44.54$45.09$44.22$44.72
Aug 24, 2026$44.74$45.32$44.08$44.64
Aug 21, 2026$43.67$44.13$43.17$43.68
Aug 20, 2026$40.73$41.34$40.26$41.20
Aug 19, 2026$36.81$39.48$36.68$38.78
Aug 18, 2026$36.26$36.85$36.22$36.60
Aug 17, 2026$35.91$36.59$35.89$36.42

IBIT frequently asked questions

What chart pattern is IBIT forming right now?
As of Aug 28, 2026, TradingPal's detector identifies a falling wedge on Bitcoin (IBIT) on the daily chart, with a measured-move target of $47.69.
Is a falling wedge bullish or bearish?
The falling wedge detected on IBIT is a bearish pattern, projecting a measured-move target of $47.69. See its full backtested track record above — that's the real edge, not the textbook label.
What is the price target if IBIT's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $47.69 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was IBIT's closing price on Aug 28, 2026?
Bitcoin (IBIT) last closed at $43.90 on Aug 28, 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.