ProShares Bitcoin ETF technical analysis
Technical analysis of ProShares Bitcoin ETF (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is ProShares Bitcoin ETF
ProShares Bitcoin ETF (BITO) is a fund that seeks exposure to bitcoin futures contracts through active portfolio management, without investing directly in bitcoin. The fund holds positions in bitcoin futures contracts across various market conditions and is non-diversified.
Description generated automatically from public sources; it may be inaccurate or out of date.
ProShares Bitcoin ETF: latest session data
Closing values for October 16, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
11.19 $
−2.79%
50 sessions
10.45 $
+4.15%
200 sessions
10.00 $
+8.80%
Session levels
s2
10.49
Support
s1
10.75
Support
pivot
10.89
Pivot
r1
11.15
Resistance
r2
11.29
Resistance
How to read it
In the October 16, 2026 session ProShares Bitcoin ETF closed lower at 10.88 $, −1.09% versus the previous session.
The price sits mixed against its moving averages: −2.79% against the 21-session average, +4.15% against the 50 and +8.80% against the 200.
The 14-period RSI reads 49.4, in neutral territory.
MACD stands at 0.126 against a signal line at 0.220: the histogram is negative (−0.094).
ADX reads 23.8, indicating weak directionality.
Levels computed on the latest session place supports at 10.75 and 10.49 $ and resistances at 11.15 and 11.29 $, around a pivot of 10.89.
The average daily range (ATR) is 0.293 $, or 2.70% of price.
Turnover was 74M shares, 102% of the 20-session average.
Over the last twelve months the price ranged between 7.83 and 11.67 $, and today stands −6.78% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about ProShares Bitcoin ETF
How is ProShares Bitcoin ETF analysed technically?
Technical analysis of ProShares Bitcoin ETF is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for ProShares Bitcoin ETF?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to ProShares Bitcoin ETF?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to ProShares Bitcoin ETF it helps frame the technical structure of the historical chart and is not a forecast.
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Disclaimer. For informational purposes only; not financial advice or a recommendation. Montbon Analytics is not an authorised financial intermediary.
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