The iShares Bitcoin Trust ETF (IBIT) ended the week strongly. However, it remains down 4.18% over the last five days and 9.59% in the year-to-date.
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According to IBIT’s technical analysis, it has a Strong Sell consensus. That’s based on 15 Bearish, 5 Neutral, and 2 Bullish ratings.
Based on the activity of 832,956 investors in the recent quarter, the IBIT has below-sector-average Negative investor sentiment. Overall, 1.8% of all portfolios hold IBIT.
Today’s IBIT Performance
Today, the IBIT rose 4.07% to $49.91. The main driver was the price of Bitcoin, which climbed 2.89% to $87,928.
This was despite Jurrien Timmer, Fidelity’s director of global macro research, declaring that the market is likely entering a year-long “Bitcoin winter” that could see prices slide to a bottom between $65,000 and $75,000 by 2026.
He notes that Bitcoin “winters” typically last about a year, which positions 2026 as a necessary “off year” for the asset to find its support floor and clear out speculative froth.
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