Looking at the formation in the daily chart, Bitcoin bulls are struggling for momentum.

On-chain data shows that the Bitcoin Mining Hashrate has bounced recently, suggesting miners are back to expanding their facilities.

The ability to raise debt or equity in the world's deepest capital markets is a major advantage, the report said.

The ability to raise debt or equity in the world's deepest capital markets is a major advantage, the report said.

On-chain data shows the Bitcoin miners have stopped their selloff recently, a sign that could be bullish for the cryptocurrency’s price.

On-chain data shows that Bitcoin mining difficulty decreased by more than 4% during the latest network adjustment.

The broker upgraded the bitcoin miner's shares to buy from sell and raised its price target on the stock to $13.50 from $7.50.

The broker upgraded the bitcoin miner's shares to buy from sell and raised its price target on the stock to $13.50 from $7.50.

On-chain data suggests that Bitcoin miners would be under pressure right now as the price is quite close to the baseline for these chain validators