BITO: There Are Better Ways To Play Bitcoin (Technical Analysis)

  • BITO's technicals show balanced support/resistance, but a double top and weak momentum signal a potential bearish reversal. Bullish momentum is fading, with MACD, RSI, and stochastics all confirming weakening bulls and rising downside risk. BITO's structure offers high yield but comes with higher risk and expenses compared to ARKB and IBIT peers.