BitMine Immersion (BMNR)

We have gotten a few questions on BitMine Immersion (BMNR)

BMNR is a digital assets technology company focused on Bitcoin mining and crypto asset holding, using immersion cooling technology.

The chart is speculative but constructive.

BMNR confirmed a bullish falling wedge from mid-July into early August and rallied sharply on high volume. As volume eased, a second bullish wedge formed from mid-August into early September. Since August 19, the stock has been building a tactical base that may evolve into a head-and-shoulders bottom.

Signals to watch in the days ahead:

• Breakout level and upside pattern count: A decisive move above 55.74 would confirm the base and open upside back to 70.00–71.74 (top of the recent falling wedge).

• Support levels for risk management: Holding Fibonacci retracements of the early September rally at 49.33 (38.2%), 47.59 (50%), and 45.65 (61.8%) keeps the tactical picture positive.

• Fibonacci targets: Fibonacci extensions project to 65.30 (61.8% extension) and 81.14 (100% extension). The 100% extension aligns with the 38.2% retracement of the July–August decline at 80.23, strengthening that target zone.

Chart 1: BitMine Immersion (BMNR) with chart patterns and volume

Chart 2: BitMine Immersion (BMNR) with Fibonacci extensions and retracements