BMNR: Bullish or Just a Crypto Farce? 🎭💰

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Ah, BitMine Immersion Technologies, Inc. (BMNR), thou fickle darling of the markets! 🤑 Behold, whilst thou hast plummeted nearly 28% in the past month, Bitcoin and Ethereum have but stumbled like drunks at a masquerade. Yet, over six moons, thou shinest with a 394% ascent, leaving thy crypto brethren in the dust. Bravo, or should I say, bravado? 🎭

Pray tell, as BitMine doth mine Bitcoin and hold Ethereum, it danceth like a high-beta courtier, ever dramatic in its swings. With Bitcoin whispering of a bottom and Ethereum steadying its wobbly legs, BMNR standeth at a precipice-one breakout away from resuming its grand charade of a trend. 🕺

Price Strength: A Comedy of Volume and Trend 🎭📈

Mark well, BMNR’s recent leap from $35.73 to $40.60 was no mere dead cat bounce, but a performance worthy of the Comédie-Française! On-Balance Volume (OBV), that sly observer of market whims, confirmed the rebound with a higher low, as if to say, “Fear not, the show must go on!” 🎉

Craving more of this financial farce? Subscribe to Editor Harsh Notariya’s Daily Crypto Newsletter, lest thou miss the next act! 🎟️

OBV, ever the trickster, printed a higher high while price lagged, hinting at hidden strength-a bullish wink behind the curtain. 🧐

And lo, the Relative Strength Index (RSI), that wise old trend indicator, doth support the broader structure. A higher low in price, a lower low in RSI-a hidden divergence, as if sellers have grown weary of their own melodrama. 🥱

This continuation signal, like a well-timed punchline, aligns with the six-month performance, proving the uptrend is but taking a dramatic pause. BMNR, ever the overactor, reacteth harder to Bitcoin and Ethereum’s every move. 🌪️

Alas, One Roadblock Remaineth: Weak Money Flows, the Spoilsport 🛑💸

Yet, the Chaikin Money Flow (CMF), that dour critic, remaineth below zero, trapped in a downward trend. Each attempt to break free doth trigger a BMNR reaction, as if the stock were a diva refusing to exit stage left. 🎭

The last attempt, between 6-7 November, saw BMNR leap 12%, proving its sensitivity to money-flow strength. Yet, CMF remaineth unmoved, like a stoic audience member refusing to applaud. 🙄

Institutional accumulation is afoot, with the likes of ARK Invest, BlackRock, and JPMorgan hoarding BMNR shares like misers. But alas, it is not enough to push CMF above zero. Until CMF breaketh its downward line, money-flow pressure shall keep BMNR from its breakout encore. 🎭

Institutional investors hoard $BMNR like treasure. Sell not thy shares, lest thou regret it!

They buy BitMine for a reason, methinks. 🤔

THEY KNOW WHAT’S ABOUT TO UNFOLD!

– Lior (@liorsela) November 12, 2025

In short, BMNR’s breakout hopes rest on CMF’s whims. Until the money-flow signal confirmeth, the chart remaineth strong but unconfirmed-a tragicomic tale of potential unfulfilled. 😢

Key Price Levels: The Final Act 🎭📉

BMNR now standeth at a crossroads, where the upside and downside are as clear as a Molière plot. The first hurdle lieth at $42.76. A close above this level openeth the path to $54.11, a barrier as stubborn as a French aristocrat. Should BMNR conquer $54.11, the structure strengtheneth toward $65.47, and perchance $71.79 if crypto momentum doth improve. 🌟

The downside, alas, is simple. Should BMNR break below $35.74, the entire setup failith, exposing $30.29 and invalidating the RSI’s trend continuation signal. A deeper downtrend would ensue, a tragic end to this financial farce. 😱

For now, BMNR holdeth a bullish continuation structure, backed by OBV and RSI. But the breakout needeth CMF to flip. Until then, the chart remaineth strong but unconfirmed-a tale of hope and hesitation. 🎭

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2025-11-14 00:32