BitMine Immersion just printed a textbook V-shaped bounce. Now here's where things get interesting.
If we're holding that 1.6x NAV multiple, the math gets pretty wild depending on where ETH lands: - ETH at $4K → BMNR targets $65.87 - ETH at $5K → BMNR hits $81.33 - ETH at $6K → BMNR pushes $96.80
Right now? Price is grinding through that $35 zone. Not the strongest resistance, but it's there. Once we clear this level, momentum could really start cooking. The chart structure suggests buyers are stepping in with conviction.
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BearMarketNoodler
· 18h ago
If the 35 level can’t be broken, everything after that is just an illusion. Haven’t we heard enough stories about 1.6 times NAV before?
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LayoffMiner
· 18h ago
$35 really can't hold anymore, now it depends on whether ETH can deliver. If it actually breaks out and rises to 5K, BMNR will double directly—that would be truly exciting.
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RatioHunter
· 18h ago
If the 35 level is broken, it will go straight towards 65+. ETH needs to show some strength.
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ZenChainWalker
· 18h ago
The V-shaped rebound is indeed impressive, but can it really break through the 35 mark? It still feels like it depends on whether ETH performs well.
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LightningAllInHero
· 19h ago
A V-shaped rebound is still a rebound, but isn't this data a bit too optimistic?
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MeaninglessGwei
· 19h ago
I've seen this V-shaped rebound pattern too many times... The key is whether ETH can hold its ground; otherwise, all these targets are just empty talk.
BitMine Immersion just printed a textbook V-shaped bounce. Now here's where things get interesting.
If we're holding that 1.6x NAV multiple, the math gets pretty wild depending on where ETH lands:
- ETH at $4K → BMNR targets $65.87
- ETH at $5K → BMNR hits $81.33
- ETH at $6K → BMNR pushes $96.80
Right now? Price is grinding through that $35 zone. Not the strongest resistance, but it's there. Once we clear this level, momentum could really start cooking. The chart structure suggests buyers are stepping in with conviction.