Citigroup’s 540% BitMine Bet Meets Breakdown Risk — Where Is the BMNR Price Headed?
The BitMine inventory worth has began displaying early indicators of restoration. BMNR rose 6% on Feb. 13 earlier than closing and is up 7.32% over the previous 5 days. This rebound comes whilst Ethereum, which BitMine intently tracks attributable to its ETH treasury publicity, has fallen 3.3% over the previous week. This divergence suggests BitMine’s inventory worth could also be making an attempt to catch up.
BMNR charts additionally present that this rebound could also be weak regardless of large gamers like Citigroup rising BMNR holdings quarter-on-quarter. The bearish construction continues to be lively, and the subsequent few buying and selling classes may determine whether or not BitMine continues recovering or enters one other main drop.
Bear Flag Structure Shows Recovery Attempt — But Breakdown Risk Remains
The BitMine stock price has been buying and selling inside a bear flag sample since early February. A bear flag kinds after a pointy decline, adopted by a brief upward consolidation. This sample typically results in one other drop if patrons fail to totally regain management.
Between Dec. 10, 2025, and Feb. 5, 2026, BitMine’s inventory worth fell practically 60%. This steep drop created the “pole” part of the sample. Since Feb. 5, the inventory has rebounded about 26%, forming a bear “flag” sample, which represents a restoration try.
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However, this restoration stays inside the bearish construction. Unless the inventory breaks above key resistance ranges, this rebound may merely be a brief pause earlier than one other decline.
If the bear flag confirms, BitMine’s inventory worth may fall by practically a 60% drop from the decrease trendline breach level. This raises a crucial query. If the BitMine inventory worth is recovering, why does the breakdown danger nonetheless stay high?
The reply turns into clearer when taking a look at momentum indicators.
Hidden Bearish Divergence Shows BMNR Sellers Still Maintain Control
Momentum evaluation utilizing the Relative Strength Index (RSI) reveals indicators of underlying weak point. RSI is an indicator that measures shopping for and promoting power on a scale from 0 to 100. When RSI rises whereas worth struggles, it might probably sign weakening purchaser power.
The BitMine inventory worth shaped a hidden bearish divergence between Nov. 18, 2025, and Feb. 9, 2026. During this era, the worth created a decrease high, whereas RSI shaped the next high. This sample usually alerts that sellers stay in management and additional draw back might comply with.
After this divergence appeared, BitMine’s inventory worth dropped by over 14%.
Now, an identical setup seems to be forming once more. RSI has began rising, however the worth nonetheless stays under key resistance close to $21.57. If the inventory fails to interrupt above this stage, one other bearish divergence may affirm.
This would enhance the likelihood of a breakdown from the bear flag sample. However, momentum alone doesn’t totally clarify worth course. Capital circulation knowledge supplies one other vital clue.
Capital Flow Remains Weak Despite Institutional Buying
Institutional curiosity in BitMine has elevated considerably. Citigroup raised its possession stake by over 540%, whereas corporations like BlackRock and BNY Mellon additionally expanded their publicity. Normally, such shopping for would help worth development.
The Fintel snapshot reveals Citigroup’s addition but additionally highlights a number of BMNR dumps by corporations like Baird Financial, Resources Investment Advisors, and extra, which will be alarming to the worth.
The Chaikin Money Flow (CMF) indicator reveals an identical image. CMF measures whether or not giant buyers are placing cash into or taking cash out of an asset. When CMF stays under zero, it alerts that total capital continues to be leaving the asset.
BitMine’s CMF has began rising progressively, displaying that promoting stress is slowing. But the indicator stays under the zero line. This means complete institutional shopping for has not but totally reversed the broader promoting development. This creates a battle. While some main corporations are rising publicity, total, large-scale cash circulation stays cautious, as highlighted by the earlier snapshot.
This explains why BitMine’s inventory worth restoration nonetheless seems weak.
Price Levels Now Decide Whether BitMine Stock Price Recovers or Breaks Down
The BitMine inventory worth now sits at a crucial stage. If BMNR breaks above resistance between $21.57 and $21.74, the bearish construction would weaken for now. This may enable the inventory to rise towards $29.60 and doubtlessly $34.03, offered ETH also gains strength.
Such a transfer would affirm that patrons have regained management. However, draw back danger stays important.
If the BMNR inventory worth falls under the $20.02 help stage, the bear flag breakdown may start. This might push the inventory towards decrease help ranges at $15.05 and $11.22. A full breakdown may ultimately ship the inventory towards $8.36.
For now, BitMine’s stock price sits at a turning level. Citigroup’s aggressive accumulation reveals institutional confidence. But bearish momentum and weak capital inflows nonetheless restrict restoration power.
The subsequent few buying and selling classes will probably determine whether or not Tom Lee’s BMNR follows institutional optimism greater or confirms the bearish breakdown sample.
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