Not a good buy right now for an impatient buyer: setup is still technically weak (bearish MACD momentum + price below pivot) and short-term pattern stats lean negative over the next week/month.
Options positioning is bullish (call-heavy), but that’s not enough to offset the current downtrend momentum and fundamental/capex overhang.
Best immediate “buy now” case is only a dead-cat/oversold bounce near support (around 2.26), not a high-conviction trend reversal.
Trend/Momentum: MACD histogram is -0.0504 and negatively expanding → bearish momentum is strengthening.
RSI (6): ~25.2 → effectively oversold (bounce risk exists), but oversold alone is not a buy signal if momentum is still deteriorating.
Moving averages: converging MAs suggest compression/indecision, typically requiring a breakout confirmation.
Key levels:
Pivot: 2.524 (price below pivot = bearish bias)
Support: S1 2.261, then S2 2.098
Resistance: R1 2.788, then R2 2.951
Price context: Pre-market ~2.29, sitting just above S1 (2.261) → limited downside cushion if S1 breaks.
Quant pattern read: Similar-pattern projection shows 60% chance of ~-3.39% next week and ~-3.14% next month → near-term drift still down.
Options Data
Bullish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Sentiment: Put/Call ratios at 0.24 (OI and volume) indicate strong call dominance → bullish speculation/positioning.
Activity: Today’s options volume 46,246 is well below 5D/10D average volumes (79,924 / 102,764) → bullish skew, but not backed by unusually heavy flow.
Volatility: HV ~149.7 and 30D IV ~146.0 with IV percentile ~59 → options are expensive; market pricing implies large moves, increasing risk of premium decay for long option buyers.
Open interest: Call OI (1.05M) far exceeds put OI (257k) → structurally bullish positioning.
Technical Summary
Sell
7
Buy
6
Positive Catalysts
near S1 support (~2.26) can trigger a short-term bounce.
Wall Street pros: AI/HPC pivot narrative, potential for higher multiple if recurring revenue/tenancy becomes visible.
Wall Street cons: Timing risk for leasing/tenants (pushed toward 2H 2026 per KBW), rising leverage, elevated capex, and still negative margins/profitability.
Wall Street analysts forecast BITF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BITF is 5.67 USD with a low forecast of 4 USD and a high forecast of 7 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
Wall Street analysts forecast BITF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BITF is 5.67 USD with a low forecast of 4 USD and a high forecast of 7 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 1.705
Low
4
Averages
5.67
High
7
Current: 1.705
Low
4
Averages
5.67
High
7
Keefe Bruyette
Stephen Glagola
Outperform -> Market Perform
downgrade
$3
AI Analysis
2026-01-26
Reason
Keefe Bruyette
Stephen Glagola
Price Target
$3
AI Analysis
2026-01-26
downgrade
Outperform -> Market Perform
Reason
Keefe Bruyette analyst Stephen Glagola downgraded Bitfarms to Market Perform from Outperform with a price target of $3, up from $2.50.
Keefe Bruyette
Keefe
Outperform -> Market Perform
downgrade
$3
2026-01-26
Reason
Keefe Bruyette
Keefe
Price Target
$3
2026-01-26
downgrade
Outperform -> Market Perform
Reason
Keefe Bruyette downgraded Bitfarms to Market Perform from Outperform with a price target of $3, up from $2.50. The firm does not expect a leasing agreement to materialize for the company until the second half of 2026. The stock already discounts a Sharon deal, says Keefe, which also has concerns around Bitfarms's rising leverage and elevated capex. Keefe would get more constructive on the shares with greater clarity on the company's liquidity and 2026 capex.
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