BITF dropped 5.5% today—might be time to look closer.
Some bright spots worth noting: The stock filled that $3.10 gap from Friday's opening surge and landed right on the 20-day moving average. What really caught my eye? Its relative resilience. While BITF slid 5.5%, peers got hammered harder—IREN tanked 15%, CIFR fell 10%, and WULF dropped 7%.
This kind of outperformance during sector weakness often signals underlying strength. The technical setup looks cleaner now after closing that gap, and holding the SMA20 could provide decent support. Bitcoin mining stocks have been volatile lately, but BITF's behavior today suggests it might be setting up differently than the rest of the pack.
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PermabullPete
· 12-03 10:03
Good opportunity to buy the dip
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gm_or_ngmi
· 12-03 02:05
Bullish on the market outlook
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BlockchainGriller
· 12-03 02:04
Still have to buy, still have to buy
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SmartContractRebel
· 12-03 02:03
Buy point has arrived, brothers.
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DAOplomacy
· 12-03 01:54
The fall that is the least and most worth watching.
BITF dropped 5.5% today—might be time to look closer.
Some bright spots worth noting: The stock filled that $3.10 gap from Friday's opening surge and landed right on the 20-day moving average. What really caught my eye? Its relative resilience. While BITF slid 5.5%, peers got hammered harder—IREN tanked 15%, CIFR fell 10%, and WULF dropped 7%.
This kind of outperformance during sector weakness often signals underlying strength. The technical setup looks cleaner now after closing that gap, and holding the SMA20 could provide decent support. Bitcoin mining stocks have been volatile lately, but BITF's behavior today suggests it might be setting up differently than the rest of the pack.