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BITS
ETF ticker: NASDAQ
AS OF
Apr 24, 04:57 PM (EDT)
Price
$57.27
Change
+$0.90 (+1.60%)
Net Assets
26.88M

BITS Global X Blockchain & Bitcoin Str ETF Forecast, Technical & Fundamental Analysis

The investment seeks long-term capital appreciation... Show more

BITS
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for BITS with price predictions
Apr 23, 2025

BITS's RSI Oscillator ascending out of oversold territory

The RSI Oscillator for BITS moved out of oversold territory on April 09, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 18 similar instances when the indicator left oversold territory. In of the 18 cases the stock moved higher. This puts the odds of a move higher at .

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 BITS as a result. In of 60 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for BITS just turned positive on April 11, 2025. Looking at past instances where BITS's MACD turned positive, the stock continued to rise in of 29 cases over the following month. The odds of a continued upward trend are .

BITS moved above its 50-day moving average on April 23, 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 BITS advanced for three days, in of 190 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

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

BITS 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 BITS 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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BITS
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
Global X Funds600 Lexington Avenue, 20th FloorNew York
Phone
+1 8884938631
Web
www.globalxfunds.com
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BITS and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, BITS has been closely correlated with BKCH. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if BITS jumps, then BKCH could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BITS
1D Price
Change %
BITS100%
+2.38%
BKCH - BITS
93%
Closely correlated
+2.53%
IBIT - BITS
91%
Closely correlated
+2.15%
FBTC - BITS
91%
Closely correlated
+2.22%
ARKB - BITS
91%
Closely correlated
+2.17%
BLOK - BITS
91%
Closely correlated
+2.46%
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