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BITS Stock Tickeron detected bullish ETF Pattern: Broadening Top BITS on June 10, 2025, netting in a 8.06% gain over 4 weeks

A.I.dvisor
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+8.06% Gain from a Successful pattern Broadening Top
BITS - Global X Blockchain & Bitcoin Str ETF
Tickeron
Ticker: BITS
Company: Global X Blockchain & Bitcoin Str ETF
Gain: +8.06%
Confirmed: 06/10/25
Succeeded: 07/09/25
Total length: 29 days
On June 10, 2025, A.I.dvisor detected a Broadening Top Pattern (Bullish) for Global X Blockchain & Bitcoin Str ETF (BITS, $71.23). On June 10, 2025, A.I.dvisor confirmed the Bullish pattern, setting a target price of $79.03. 29 days later, on July 09, 2025, BITS reached the target price resulting in a for traders who took a long position in the stock.

Momentum Indicator for BITS turns positive, indicating new upward trend

BITS saw its Momentum Indicator move above the 0 level on June 26, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 64 similar instances where the indicator turned positive. In of the 64 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for BITS just turned positive on June 30, 2025. Looking at past instances where BITS'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 .

The 50-day moving average for BITS moved above the 200-day moving average on June 23, 2025. This could be a long-term bullish signal for the stock as the stock shifts 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 207 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 175 cases where BITS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 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 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 July 03, 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.

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General Information

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Profile
Fundamentals
Details
Category
Digital Assets
Address
Global X Funds600 Lexington Avenue, 20th FloorNew York
Phone
+1 8884938631
Web
www.globalxfunds.com