- Bitcoin surged to an 8-month high, its strongest level since early 2026, with Bitcoin ETFs moving back above water.
- iShares Bitcoin Trust ETF (IBIT) broke out of a cup-with-handle base; the handle carries a 46.37 buy point with the buy zone extending to 48.68.
- The base formed below IBIT's 200-day line, but the handle formed above that level, a constructive technical setup.
- IBIT traded at $48.68, up $2.66 or 5.78%, on the breakout session.
Quotes
“Bitcoin ETFs Back Above Water, Stock Of The Day Breaks Out As Bitcoin Hits 8-Month High”
“Handle has 46.37 buy point, but zone extends to 48.68.”
“Base formed below stock's 200-day line, but handle formed above that level”