BITF Price Prediction Next Week
Analysis and Insights
Technical Analysis:
BITF's stock is currently trading at $1.02, with a 14-day RSI of 36.78, indicating oversold conditions. The Stochastic Oscillator (K: 17.52, D: 17.37) also suggests the stock is undervalued. The MACD is bearish (-0.09), but the Bollinger Bands show the price near the lower band, signaling potential support.
Fibonacci Levels:
The Fibonacci levels indicate resistance at $1.18 (R1) and support at $0.96 (S1). The stock is near the support level, suggesting a possible bounce.
News Impact:
The acquisition of BITF's facility by HIVE may impact BITF's stock. The upcoming earnings report on March 27 could be a catalyst for price movement.
Conclusion:
The stock is oversold, and near support. A short-term bounce to $1.18 is possible.
Recommendation: Buy BITF with a target of $1.18 and stop-loss at $0.95.
BITF Similar Chart Price Prediction
The price of BITF is predicted to go up -18.22%, based on the high correlation periods with CYD. The similarity of these two price pattern on the periods is 96.18%.
BITF
CYD
Down: -18.22%Similarity: 96.18%
BITF Stock Forecast & Prediction For Years 2025, 2026, 2027, 2028, 2029 and 2030
Year
BITF Price Forecast($)
Potential Return(%)
2025
6.000
272.670
2026
3.500
201.720
2027
3.500
201.720
2028
4.500
287.930
2029
5.500
374.140
2030
2.880
148.280
What is BITF stock price prediction 2025 ?
What is BITF stock price prediction 2026 ?
What is BITF stock price prediction 2027 ?
What is BITF stock price prediction 2028 ?
What is BITF stock price prediction 2029 ?
What is BITF stock price prediction 2030 ?
BITF Revenue Forecast
BITF EPS Forecast
BITF FAQs
What is BITF revenue forecast for next quarter？
BITF Analyst's Forecast
Brian Kinstlinger
Alliance Global Partners
Strong Buy
2024-12-04
Price Target
$6
Upside
+233.06%
Alliance Global Partners analyst Brian Kinstlinger initiated coverage of Bitfarms with a Buy rating and $6 price target. With power capacity of 950 MW, or three times its current operations, Bitfarms can substantially increase its BTC mining hash rate and explore High Performance Computing and AI programs, says the analyst, who adds that much of the company's capacity is in premium locations that have access to the strategically valuable PJM grid following the acquisition of Stronghold. President-elect Trump ran on a pro-Crypto platform and has surrounded himself with like-minded politicians, adds the analyst, who argues that Bitfarms will benefit from a pro-crypto U.S. administration.
