Bitmain Cuts Bitcoin Mining Rig Prices Amid Profitability Decline
- Price Adjustment: Bitmain has announced significant price cuts on its Bitcoin mining rigs, including models like S19 Hydro and S21, effective December 23, 2025, to address declining miner revenue per hashrate due to increasing network difficulty, directly impacting miners' profitability.
- Market Response: This price reduction reflects changing market conditions, as miners face compressed margins due to heightened network conditions, forcing them to reassess hardware utilization strategies to maintain competitiveness.
- Industry Impact: Analysts forecast that this price adjustment could trigger economic and industry shifts across the Bitcoin mining sector, with historical trends suggesting that changes in mining rig prices may have ripple effects on market profitability.
- Long-term Outlook: As mining difficulty continues to rise, profit margins for miners are being pressured, which may lead to changes in mining practices within the industry to adapt to the new economic environment.
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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 3 technical signals, shows that 0 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 stock.
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 | 36137.94 | 48068.97 | 60407.96 | 72338.99 | 84677.98 | 96609.01 | 108948 |
| Fibonacci | 48068.97 | 57340.118 | 63067.842 | 72338.99 | 81610.138 | 87337.862 | 96609.01 |
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