Key takeaways:
In the constantly shifting domain of cryptocurrency investments, the ProShares Bitcoin Strategy ETF (BITO) emerges as a notable innovation, providing investors with an avenue to gain exposure to Bitcoin via the Bitcoin futures market. Launched as the first ETF of its kind, BITO has attracted attention from various quarters of the investment community, ranging from seasoned cryptocurrency enthusiasts to traditional investors seeking to diversify their portfolios with digital assets. This post delves into the BITO price predictions, navigating through its performance, the underlying factors influencing its market movements, and the broader economic indicators at play.
Token | ProShares Bitcoin ETF |
Ticker | BITO |
Current price | $24.41 |
Trading volume | $2.36M |
All-time high | $24.48 |
All-time low | $23.65 |
Metric | Value | Action |
RSI (14) | 52.71 | Neutral |
STOCH (9,6) | 48.25 | Neutral |
STOCHRSI (14) | 91.08 | Sell |
MACD (12,26) | -0.1744 | Buy |
ADX (14) | 13.95 | Neutral |
William %R | -19.79 | Sell |
CCI (14) | 45.64 | Neutral |
Bitcoin’s post-election rally is consolidating, with positive momentum still present and potential for further gains as Trump’s crypto-friendly administration forms.
The BITO ETF is underperforming due to its reliance on futures contracts and new Bitcoin ETFs launched in 2024 offer better returns and lower expenses. The launch of IBIT options in November 2024 removed BITO’s last unique attraction (options), leading to a “sell” rating for BITO.
Based on the 1-day price chart, the ProShares Bitcoin Strategy ETF is experiencing a period of consolidation after a significant bullish trend. The upward movement broke through previous resistance levels with high volatility, as indicated by the Willam Alligator trendlines.
Analyzing the four-hour chart for the ProShares Bitcoin Strategy ETF (BITO), we observe a current trading price of $23.78, with the ETF navigating between established support at approximately $22.26 and resistance around $24.95. The MACD indicator suggests bullish momentum as it crosses above the signal line, hinting at a possible upcoming test of the resistance level. Whether BITO can breach and hold above $25 may dictate the short-term trend, signaling further bullish potential. Conversely, a retreat from this resistance could see prices revisiting the support level.
Period | Value ($) | Action |
SMA10 | 23.68 | BUY |
SMA 21 | 23.93 | BUY |
SMA 50 | 24.18 | BUY |
SMA 100 | 21.41 | BUY |
SMA 200 | 22.94 | BUY |
Period | Value ($) | Action |
EMA 10 | 23.74 | BUY |
EMA 21 | 23.92 | BUY |
EMA 50 | 23.53 | BUY |
EMA 100 | 22.77 | BUY |
EMA 200 | 22.05 | BUY |
Per our technical indicators, BITO’s price trend is bullish and the fear and greed index shows a neutral market sentiment. A breach below support levels might indicate a deeper retracement or a trend reversal.
BITO is correcting from previous highs set in the last quarter of 2024, the drop could be attributed to the crypto market’s general bearish sentiment which saw its market cap drop below $3.2 trillion.
Per our Cryptopolitan price prediction, BITO will break above $50 in the period ending 2030.
Per our Cryptopolitan price prediction, it remains highly unlikely for BITO to break above $100 in the period ending 2031.
Per our price prediction, BITO is highly unlikely to reach $1000 before 2031.
Like most mega-altcoins, BITO is trading at its lowest level this year. A break below 30 RSI will be crucial to sending it to previous highs. Looking ahead, BITO will register new all-time highs in the coming years.
Currently, the ETF price is in a pullback phase, representing a buying opportunity if the price holds above the support levels and the RSI remains above the oversold region.
BITO was the first Bitcoin ETF and to take this position, it had to employ a complex strategy of trading futures contracts, which negatively affected its returns. Now new ETFs in 2024 provide stiff competition for buy-and-hold investors.
The BITO price forecast for January is a maximum price of $26.82 and a minimum price of $22.10. The average price for the month will be $24.41.
Month | Potential low ($) | Potential average ($) | Potential high ($) |
January | 22.10 | 24.41 | 26.82 |
For the last month of 2025, BITO’s price will range between $18.42 and $27.28. The average price for the period will be $23.10.
Year | Potential low ($) | Potential average ($) | Potential high ($) |
2025 | 18.42 | 23.10 | 27.28 |
Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
2026 | 27.35 | 29.50 | 31.95 |
2027 | 32.10 | 34.20 | 34.50 |
2028 | 35.54 | 38.20 | 38.50 |
2029 | 38.02 | 43.60 | 44.98 |
2030 | 45.33 | 49.50 | 50.25 |
2031 | 49.10 | 54.90 | 63.10 |
Our Proshares Bitcoin Strategy ETF Price Prediction for 2026 indicates that BITO ETF will trade at an average price of $29.50, with a maximum price of $31.95, and a minimum market price of $27.35.
Per our Proshares Bitcoin Strategy ETF price predictions for 2027, BITO ETF will reach a maximum price of $34.50, a minimum price of $32.10, and a projected average price of $34.20.
Based on our Proshares Bitcoin Strategy ETF price predictions for 2028, investors can expect the BITO ETF to attain a maximum price of $38.50, an average forecast price of $38.20, and a minimum price of $35.54.
Our Proshares Bitcoin Strategy ETF Price Prediction for 2029 indicates that BITO ETF will trade at an average price of $43.60, with a maximum price of $44.98, and a minimum price of $38.02.
According to our BITO ETF price prediction for 2030, the stock could reach a maximum price of $50.25, a predicted average trading price of $49.50, and a minimum price of $45.33.
We estimate a maximum market price of $63.10 for the Proshares Bitcoin Strategy ETF in 2031, along with a minimum price of $49.10 and an average market value of $54.90.
Platform | 2025 | 2026 | 2027 |
Coindataflow | $23.75 | $10.84 | $9.73 |
Stockscan | $24.09 | $24.20 | $19.68 |
Our predictions show that BITO will achieve a high of $27.28 in 2025. In 2027, it will range between $32.10 and $34.50, with an average of $34.20. In 2030, it will range between $45.33 and $50.25, with an average price of $49.50. Note the predictions are not investment advice. Seek independent professional consultation or do your research.