It's a time for BITF.US/ 60% potential profit - 3.15 USD

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It's a time for BITF.US/ 60% potential profit - 3.15 USDBitfarms Ltd.BATS:BITFdarksignalOn the daily chart of Bitfarms, the long-term trend remains downward, but in recent weeks there are early signs of a potential short-term reversal. After a sharp decline, price clearly stabilized in the 1.80–1.90 USD area, forming a local bottom with long lower wicks, which suggests buying pressure and strong support defense. Currently, the stock is consolidating in a tight range just above 1.90 USD, which may indicate accumulation before a breakout attempt. The RSI (14) has rebounded from oversold territory and is moving higher toward the 50 level. This signals improving momentum — the market is recovering from heavy selling pressure and starting to build room for an upward move. Additionally, price is approaching the moving average (red line), which is beginning to flatten. A breakout above this average could attract short-term speculative capital. The nearest key resistance sits around 2.40–2.50 USD, and a break above that zone would open the path toward the next supply area near 3.00–3.20 USD. From a technical perspective, a move to 3.15 USD would represent a return to the previous consolidation zone and a partial recovery of the prior breakdown area. Such a scenario would align with a classic corrective bounce within a broader downtrend — especially if accompanied by increasing volume. In summary, although the long-term structure remains bearish, short-term momentum indicators and strong support defense suggest rebound potential. Holding above 1.80 USD and breaking above 2.40 USD would significantly increase the probability of a move toward 3.15 USD in the near term. Potential profit - 3.15 $ This analysis is for informational and educational purposes only and does not constitute financial advice. Trading and investing in stocks involve risk, including the potential loss of capital. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.