BITX 2x Bitcoin Strategy ETF
2x Bitcoin Strategy ETF (BITX) trend channel, buy level and 3-month target on Trade The Path. Sector: Financial Services. Listed on BATS. Levels below are fitted to this ticker's own swing highs and lows (Theil–Sen, log-price), then projected 3 months. On this symbol, 4 comparable calls have settled; 100% reached the published sell target. Information only, not financial advice.
In the sell zone
Price has run up to the upper trend line — the level it has repeatedly stalled at.
Read from the last 18 months of history we hold: falling, drifting −66% a year. Price is above both fitted ceilings, so there is no line overhead to break — and no fitted resistance to price the target against either. What would overturn this: a close below US$10.95 — the floor of the channel being read — after which the trend, not the entry, is what was wrong.
- 18 months read from
- US$10.95 – US$18.31 Falling channel, −66% a year
- Position in that channel
- 105% above the ceiling of it — 0% is the floor, 100% the ceiling
What broke this trend
- The fall
- -83% from US$62.2813 Aug 2025 → 30 June 2026
- Whose problem it was
- This company3 of 32 Asset Management peers fell with it
- Does it resolve?
- Unsettled too close to a coin toss on the record to call
- Regained so far
- 12%of what it lost
- What the record says
- 50% of 8 comparable falls came back, typically in 145 days measured on its own peer group
The trend broke in August 2025: price fell 83% from 62.28 to 10.32 by June 2026, and has regained 12% of that fall since. Its peers did not fall with it, so this was about the company rather than its sector. What happens next is not settled: falls of about 83% here have come back to the old high 50% of the time (8 comparable falls), typically in 145 days, which is too close to a coin toss to price a recovery from.
Price history, with the path projected 3 months forward
- Daily close
- Upper trend line (18 months)
- Lower trend line (18 months)
- Dashed after today: projected 3 months
- Our buy
- Our target
Our target
No published call today because only 809 days of history have been published, too few to project a trade from. No alerts are sent. The buy and target below are still this site's read of the fitted channel.
Buy at or below
US$10.95
level as at 19 Sept 2026
Our target
US$13.90
by 18 Dec 2026
Projected move
27.0%
gross, before costs
Price is at or through our target.
On this stock's own history these rules produced 4 settled calls, of which 4 reached target (100%), with an average best move of 13.9%. See the full record.
- Upper line touches
- 3
- Lower line touches
- 4
- Fit confidence
- 31%
- Fitted
- 18 Sept 2026
About 2x Bitcoin Strategy ETF
BITX aims to provide 2x daily exposure to bitcoin futures. The fund seeks to track the price movement of bitcoin futures traded on the CME Futures Exchange for a single day. The fund buys cash-settled Bitcoin futures contracts and will roll the contracts on a monthly basis, as they near expiration. The expiring contracts are replaced with the next month contracts. The final trade date each month is the last Friday of the contract month. On day T-2 at market close, the index is 0% in the expiring futures contract and 100% in the next futures contract. Futures contracts can and often do trade in backwardation, meaning the costs of rolling contracts will reduce returns. The index itself is price weighted and does not rebalance. As a result, the return of BITX shares can vary significantly from 2x exposure, if held for longer than a day. As a geared product with daily resets, the fund is designed as a short-term trading tool and not a long-term investment vehicle.
- Sector
- Financial Services
- Industry
- Asset Management
- Country
- US
Scorecard
Our own pillar scores, computed from the fundamentals below. They are not Morningstar ratings — that data is licensed and we do not redistribute it.
- Valuation
- —
- Profitability
- —
- Financial health
- —
- Cash generation
- —
Key statistics
- Market cap
- US$1.32B
- Enterprise value
- —
- Beta
- 3.26
- Avg volume
- 9.71M
- Revenue per share
- —
- Dividend yield
- —
- 52-week range
- 10.085-67.02
- Exchange
- CBOE
Key ratios
- P/E (TTM)
- —
- PEG
- —
- Price / sales
- —
- Price / book
- —
- EV / EBITDA
- —
- Gross margin
- —
- Operating margin
- —
- Net margin
- —
- Current ratio
- —
- Quick ratio
- —
- Debt / equity
- —
- Interest cover
- —
Income statement
Balance sheet
Cash flow
Trend lines are fitted statistically to past swing highs and lows and projected forward on the assumption the same rhythm continues. It often does not. This is information, not advice.