Bitmain Slashes Prices on Mining Rigs, Offering Units at $4 per TH
- Price Cuts: Bitmain has initiated significant discounts across multiple generations of ASIC miners, with even the latest high-efficiency models being sold at prices typically indicative of a downturn, reflecting weak market demand.
- Profitability Decline: Mining revenues have fallen below sustainable levels for many operators, forcing miners to shut down machines or delay upgrades, which has drastically reduced hardware demand.
- Bundled Sales Strategy: Bitmain is promoting bundle deals, such as a package of four S19 XP+ Hydro units priced at approximately $4 per TH, indicating a more aggressive sales strategy under inventory pressure.
- Industry Restructuring Signal: The price cuts signal a broader reset and consolidation in the mining sector, with operators prioritizing efficiency over scale while hardware suppliers adapt to a market no longer driven by growth.
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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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