As Bitcoin prices lost momentum, iShares Bitcoin Trust stocks have been pulled back to a critical level of support.
summary
- The IBIT ETF returned this month to reflect Bitcoin’s performance.
- In Bitcoin technical analysis, it refers to the final IBIT rebound.
- The BTC formed a break-and-retest pattern with a bullish flag.
The IBIT ETF retreated to a low of $63.80 this week, down 8.40% from this year’s high. This is approximately 51% above the 2025 lowest level.
Sosovalue data shows that the fund has lost momentum in the inflow. It recorded a net outflow of $77 million on Tuesday, bringing its total net worth to $83.8 billion. Since its establishment, the cumulative inflow has reached $57 billion.
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IBIT has become the most successful ETF ever. Total assets exceeded $86 billion in July. It is also BlackRock’s eighth largest and most profitable ETF.
BlackRock’s BTC ETF $IBIT is the most successful ETF launch in history and isn’t even nearby. IBIT (Orange Line) has acquired $10 billion in assets under management in a record 34 days: pic.twitter.com/xejew300ek
– Stephen McBride (@disuptionhedge) August 4, 2025
Other spot Bitcoin (BTC) ETFs also lost traction this month. They recorded a $199 million spill on Tuesday, bringing the total spill to more than $1.4 billion.
Is ibit stock a good purchase today?
The IBIT ETF works in sync with Bitcoin performance. So, the best way to predict its trajectory is to analyze Bitcoin price actions.
Bitcoin Price Chart | Source: crypto.news
The daily chart above shows that Bitcoin prices have been pulled back from July 14th. It fell from its highest swing on May 23rd to a low of $112,000.
Bitcoin formed a bullish flag pattern, a common continuation signal. This pattern consists of vertical rally followed by a descending channel, often leading to breakouts.
BTC also completed the break-and-retest pattern back to its main support level of $112,000. This type of retest is often considered a signal of trend continuity.
Additionally, Bitcoin made an average return by decreasing to the 50-day exponential moving average. We have also retested the uptrend line, which has been linked to lows since April.
So the most likely scenario is rebound towards an all-time high of $123,192. A break above that level could confirm a bullish breakout and push BTC to $125,000. If this occurs, IBIT ETF is also expected to rebound as it closely tracks the price of Bitcoin.
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