Bitcoin(IBIT)

Bitcoin (IBIT) Chart Patterns, Support & Resistance & Technical Analysis

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

$35.63last close · Aug 14, 202652-week range $32.84 – $71.82 · 50.39% below the high

IBIT Bullish Pennant Pattern

IBIT is currently forming a bullish pennant on the daily timeframe. Detected Aug 14, 2026.

A bullish pennant is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $67.72 (+9.3%). Across 2,746 backtested bullish pennants, the setup followed through 57.6% of the time, averaging +0.98R; IBIT's own bullish pennants have hit 100.0%.

DirectionBullishTarget$67.72Projected move+9.3%Breakout level$62.38

New to this pattern? What a bullish pennant is and how to trade it →

IBIT's Most Recent Falling Wedge Trade

IBIT's most recent completed falling wedge (which broke against type) resolved as a win: it broke down on Nov 14, 2025 near $54.09, then reached its target at $47.69 on Nov 21, 2025 — a +1.02R move (11.8%) over 5 sessions. Across 10 backtested falling wedges, this setup wins 70.0% of the time.

OutcomeWinResult+1.02REntry$54.09Exit$47.69

Learn about falling wedge

How Bullish Pennants Have Performed

Win rate
57.6%
Avg return
+0.98R
Backtested trades
2,746
IBIT win rate
100.0%

Historical pattern statistics (2006-08-15 – 2026-08-14), not a prediction.

How these backtests work →

IBIT Pattern Trade History

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

PatternEntryExitOutcomeResult
Falling WedgeNov 14, 2025 @ $54.09Nov 21, 2025 @ $47.69Win+1.02R
Bullish PennantJul 3, 2025 @ $62.85Jul 25, 2025 @ $66.36Win+1.16R
Falling WedgeApr 21, 2025 @ $49.63May 29, 2025 @ $59.99Win+1.56R
Falling WedgeApr 11, 2025 @ $46.86May 5, 2025 @ $53.63Win+1.75R
Falling WedgeMar 14, 2025 @ $47.38Apr 8, 2025 @ $43.59Loss-1.10R
TriangleFeb 26, 2025 @ $48.71Mar 10, 2025 @ $44.22Win+0.57R
Falling WedgeJan 21, 2025 @ $59.87Feb 25, 2025 @ $50.03Loss-1.07R
TriangleOct 30, 2024 @ $40.88Nov 26, 2024 @ $51.70Win+2.85R
Bullish PennantSep 17, 2024 @ $34.10Nov 26, 2024 @ $51.70Win+4.56R
Falling WedgeMay 13, 2024 @ $36.00Jul 8, 2024 @ $32.16Loss-1.01R

Recent Bullish Pennants on Other Charts

SWKhit target +11.1%Aug 14, 2026JCIhit target +9.8%Aug 13, 2026DECKstopped −16.6%Aug 12, 2026EBAYstopped −6.1%Aug 12, 2026

Learn about bullish pennant

IBIT Support and Resistance Levels

On the weekly chart, the nearest level worth watching is a floor below near $31.57 — where price has steadied before.

  • There's no clear ceiling close by yet, so this one line is the main thing to watch — a floor often acts like a cushion.
  • Watch how price behaves as it approaches $31.57 — that's where the next read tends to form.

Nearest auto-detected support sits near $31.60. These are chart/swing-derived levels, not formula pivots.

Support
$31.60

IBIT Recent Daily Prices

DateOpenHighLowClose
Aug 14, 2026$35.51$35.79$35.37$35.63
Aug 13, 2026$35.97$36.22$35.54$35.88
Aug 12, 2026$36.18$36.26$35.80$35.89
Aug 11, 2026$36.32$36.36$35.76$35.94
Aug 10, 2026$36.74$36.75$36.08$36.23
Aug 7, 2026$36.89$37.01$36.52$36.80
Aug 6, 2026$36.34$36.79$36.29$36.49
Aug 5, 2026$36.30$36.78$36.15$36.74
Aug 4, 2026$36.14$36.47$35.99$36.39
Aug 3, 2026$35.49$36.28$35.37$36.16

IBIT Frequently Asked Questions

What chart pattern is IBIT forming right now?
As of Aug 14, 2026, TradingPal's detector identifies a bullish pennant on Bitcoin (IBIT) on the daily chart, with a measured-move target of $67.72.
Is a bullish pennant bullish or bearish?
The bullish pennant detected on IBIT is a bullish pattern, projecting a measured-move target of $67.72. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a bullish pennant pattern, and what is its win rate?
Across TradingPal's backtest of the bullish pennant family (2,746 trades over 631 symbols), it resolved in the expected direction 57.6% of the time with an average of +0.98R. These are historical statistics, not a prediction.
What are the support and resistance levels for IBIT?
Based on auto-detected, swing-derived levels (as of Aug 14, 2026), IBIT's nearest support is around $31.60 and nearest resistance around n/a.
What is the price target if IBIT's pattern breaks out?
The detected bullish pennant has a geometry-based measured-move target of $67.72 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was IBIT's closing price on Aug 14, 2026?
Bitcoin (IBIT) last closed at $35.63 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.