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.
ETH6.35%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
BearMarketNoodlervip
· 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?
View OriginalReply0
LayoffMinervip
· 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.
View OriginalReply0
RatioHuntervip
· 18h ago
If the 35 level is broken, it will go straight towards 65+. ETH needs to show some strength.
View OriginalReply0
ZenChainWalkervip
· 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.
View OriginalReply0
LightningAllInHerovip
· 19h ago
A V-shaped rebound is still a rebound, but isn't this data a bit too optimistic?
View OriginalReply0
MeaninglessGweivip
· 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.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)