Bitcoin has demonstrated a seasonal tendency to bottom or hit a low in September, followed by a solid rally into year-end. The iShares Bitcoin Trust (IBIT) is our preferred ETF to trade the seasonal setup, writes Jeff Hirsch, editor-in-chief of The Stock Trader’s Almanac.

This was certainly the situation last year when Bitcoin hit an early September low just above $50,000 prior to taking off and racing above $100,000 by mid-December. Bitcoin’s recent price action appears to be setting up for a potentially similar September low.

(Editor’s note: Jeff will be speaking at the 2025 MoneyShow/TradersEXPO Orlando, scheduled for Oct. 16-18. Click HERE to register.)

[iShares Bitcoin Trust (IBIT) Daily Bar Chart]

IBIT is highly liquid, easily accessible, and has relatively low fees. There are other ETFs available that track Bitcoin, and they are also perfectly fine options. But IBIT is the one we will use. We strongly encourage taking a moment and visiting www.ishares.com to review all relevant documents and information prior to executing any trade in IBIT.

After reaching an all-time high earlier in August, Bitcoin and IBIT have retreated back below their respective 50-day moving averages. Stochastics, relative strength, and MACD are all currently negative but are beginning to hint at a possible turnaround.

IBIT can be considered on dips below $61.40. This price appears to correlate to a Bitcoin price of around $108,000. If purchased, consider setting an initial stop loss at $58.15.

Recommended Action: Buy IBIT.

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