Should You Buy Bitmine Immersion Technologies Inc (BMNR) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
BMNR is NOT a good buy right now for a beginner long-term investor with $50k–$100k who wants to enter immediately. Despite bullish options sentiment and positive ETH/crypto-related catalysts, the primary trend remains bearish (SMA200 > SMA20 > SMA5) and there are no Intellectia buy signals today. I would hold/avoid new buying until the price reclaims and holds above ~30.28 (pivot) and starts to base toward 33.20 (R1).
Technical Analysis
Price/Trend: BMNR is up ~2.39% today (30.105) but the broader technical structure is still bearish because the moving averages are stacked bearishly (SMA_200 > SMA_20 > SMA_5), implying the longer-term trend is down/weak.
Momentum: MACD histogram is positive and expanding (0.0476), suggesting improving short-term momentum. RSI(6)=52.51 is neutral, indicating no strong overbought/oversold edge.
Key levels: Pivot=30.282 (price is slightly below this, so it’s not yet a confirmed reclaim). Support: 27.367 (S1), then 25.566 (S2). Resistance: 33.196 (R1), then 34.997 (R2).
Pattern-based near-term odds (provided): ~50% chance of -0.78% next day, +2.8% next week, -3.81% next month—consistent with choppy trading and weak monthly drift.
Intellectia Proprietary Trading Signals
- [AI Stock Picker](module://ai_stock_pick): No signal on given stock today.
- [SwingMax](module://swingmax): No signal on given stock recently.
Analyst Ratings and Price Target Trends
Recent trend: Coverage appears bullish but with reduced exuberance. Cantor Fitzgerald initiated (2026-01-05) with Overweight and a $39 PT. Earlier, B. Riley kept Buy but cut PT (2025-11-20) to $47 from $90, reflecting sector headwinds and weaker pricing/performance of digital-asset treasury names.
Wall Street pros view (bull case): Scale advantage in digital-asset treasuries, strong liquidity/capital raising, ETH accumulation/staking strategy, and improving regulatory clarity could expand institutional participation.
Wall Street cons view (bear case): Crypto/treasury companies can underperform underlying assets, face sector headwinds, and may require financial engineering (buybacks, preferred issuance, restaking) to support ROE—implying the business is highly dependent on crypto market conditions.
Influential/political trading: No recent congress trading data available; hedge funds and insiders show Neutral recent activity.
Wall Street analysts forecast BMNR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BMNR is 43 USD with a low forecast of 39 USD and a high forecast of 47 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast BMNR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BMNR is 43 USD with a low forecast of 39 USD and a high forecast of 47 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 26.700
Current: 26.700
