Bitcoin miner HIVE Digital’s shares jump 2% as it completes 100 MW site in Paraguay
HIVE Digital's Expansion: Canadian Bitcoin mining company HIVE Digital has completed Phase 1 of its 100-megawatt facility in Paraguay, aiming for a total capacity of 25 EH/s by fall 2025, with an initial target of 5 EH/s by the end of Q2.
Operational Growth and Management: The company is ramping up operations with plans to utilize over 20,000 Bitmain S21+ miners and has appointed Carlos A. Torres Pérez as operations & project manager to lead efforts in Paraguay.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 43044.235 | 51522.117 | 60015.755 | 68493.637 | 76987.275 | 85465.157 | 93958.795 |
| Fibonacci | 51522.117 | 58005.238 | 62010.517 | 68493.637 | 74976.758 | 78982.037 | 85465.157 |
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