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Long Term Trading Analysis for (IBIT)
July 10, 2025, 18:54 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy IBIT near 61.91 with an upside target of 69.99. This data also tells us to set a stop loss @ 61.73 to protect against excessive loss in case the stock begins to move against the trade. 61.91 is the first level of support below 65.99 , and by rule, any test of support is a buy signal. In this case, support 61.91 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of IBIT as it gets near 69.99 with a downside target of 61.91. We should have a stop loss in place at 70.19though. 69.99 is the first level of resistance above 65.99, and by rule, any test of resistance is a short signal. In this case, if resistance 69.99 is being tested, a short signal would exist.
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Bitcoin ETF (IBIT) Hits New 52-Week High
For investors seeking momentum, iShares Bitcoin Trust IBIT is probably on the radar. The fund just hit a 52-week high and is up 125.86% from its 52-week low price of $28.23/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:
iShares Bitcoin Trust seeks to reflect the performance of the price of Bitcoin. The product charges 25 bps in annual fees (See: All Cryptocurrency ETFs).
Driven by the increased investor risk appetite and persistent institutional demand, Bitcoin is soaring to record highs. Investor interest in this digital currency has also increased as they look for alternative routes to traditional currencies, given that the outlook for greenback remains volatile. Investors have also increased their bets on the pace of interest rate cuts by the Fed, potentially leading to increased exposure to digital currencies.
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