Bitfarms (BITF) Retest of Resistance
BItfarms is another Bitcoin miner that is having huge volume surge and broke through previous resistance.
It tested support yesterday and I would trail my stop just below 2.13.
BItfarms have invested heavily into newer machines to tackle Bitcoin halving and they are expanding into Paraguay. The location is well thought out as Paraguay has better governance when it comes to South America.
Momentum is on the rise, I am bullish on Bitcoin.
This stock does have the potential to do multiples from here. It's relative strength in the sector.
It tested support yesterday and I would trail my stop just below 2.13.
BItfarms have invested heavily into newer machines to tackle Bitcoin halving and they are expanding into Paraguay. The location is well thought out as Paraguay has better governance when it comes to South America.
Momentum is on the rise, I am bullish on Bitcoin.
This stock does have the potential to do multiples from here. It's relative strength in the sector.
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