$Bitfarms Ltd.(BITF)$ πππ₯ Bitfarms Awakens: The Calm Before a Potential Storm? π₯ππ
$BITF bulls have waited through relentless volatility, but the signals have finally aligned. RSI is curling upward from oversold levels, and TMO (True Momentum Oscillator) has flipped bullish on the weekly chart. The last time these indicators synchronised at this scale was in late 2022, which unleashed a powerful rally!
Structurally, $BITF is carving out a classic long-term double bottom formation. Price action has reclaimed the short-term trend bands on rising volume, suggesting institutional algorithms could be recalibrating for accumulation. Capital flow trends are beginning to reverse, a critical early marker of trend change that smart money never ignores.
Miners have broadly posted strong gains over the last ten days, but $BITF, the sectorβs most hated name, has quietly outperformed most. On 11 April 2025, $BITF closed at $0.80. Today, itβs trading around $1.05, delivering a stunning 31.25% gain in just ten sessions. Itβs a move that cannot be dismissed, especially as broader sector sentiment continues to shift.
The tailwinds are only strengthening. Bitcoin inflows into spot ETFs are not slowing, with $442 million of net inflows recorded on Thursday, 24 April, marking five consecutive days of heavy institutional accumulation. This backdrop supercharges the outlook for miners, and Bitfarms is strategically positioned to benefit.
Short interest in $BITF is sitting at 12.48%, an explosive setup if momentum sustains. A short squeeze scenario could ignite a rapid vertical move as trapped shorts scramble to cover.
At the time of writing, the post-market price is ticking at $1.02, down a minor -0.97%. Intraday RSI readings between 40 and 45 show consolidation with hidden underlying strength, setting the stage for potential aggressive upside.
Iβll be monitoring open positions closely in the pre-trading market Monday, looking to open positions to add $BITF to my portfolio. Thin liquidity at the open often reveals the first footprints of institutional interest, and I intend to be ahead of the herd.
The technicals, fundamentals, and capital flows are converging with rare precision. $BITF is entering a zone where outsized rewards meet manageable risks & I'm positioning accordingly.
π’ Donβt miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets ππ Iβm obsessed with hunting down the next big movers and sharing strategies that crush it. Letβs outsmart the market and stack those gains together! πππ
Trade like a boss! Happy trading ahead, Cheers, BC πππππ
@Daily_Discussion @TigerStars @TigerWire @TigerPicks @Tiger_comments
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?