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BITO
ETF ticker: NYSE ARCA
AS OF
Apr 23, 04:59 PM (EDT)
Price
$20.35
Change
+$0.43 (+2.16%)
Net Assets
2.2B

BITO ProShares Bitcoin ETF Forecast, Technical & Fundamental Analysis

The investment seeks investment results,before fees and expenses,that correspond to the performance of bitcoin... Show more

BITO
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for BITO with price predictions
Apr 22, 2025

BITO's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for BITO turned positive on April 11, 2025. Looking at past instances where BITO's MACD turned positive, the stock continued to rise in of 31 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on April 17, 2025. You may want to consider a long position or call options on BITO as a result. In of 69 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

BITO moved above its 50-day moving average on April 21, 2025 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BITO advanced for three days, in of 183 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BITO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

BITO broke above its upper Bollinger Band on April 22, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for BITO entered a downward trend on April 11, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

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BITO
Daily Signalchanged days ago
Gain/Loss if bought
Show more...
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A.I. Advisor
published General Information

General Information

Category Digitalccurrency

Profile
Fundamentals
Details
Category
Digital Assets
Address
ProShares Trust7501 Wisconsin Avenue,Suite 1000Bethesda
Phone
N/A
Web
www.proshares.com
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BITO and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, BITO has been closely correlated with FBTC. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if BITO jumps, then FBTC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BITO
1D Price
Change %
BITO100%
+4.62%
FBTC - BITO
100%
Closely correlated
+4.60%
IBIT - BITO
100%
Closely correlated
+4.75%
ARKB - BITO
100%
Closely correlated
+4.71%
DEFI - BITO
100%
Closely correlated
+4.66%
BITC - BITO
99%
Closely correlated
+4.58%
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