Bullboard - Stock Discussion Forum Bitfarms Ltd T.BITF

Alternate Symbol(s): BITF

Bitfarms Ltd. is a Canada-based global vertically integrated bitcoin mining company. The Company develops, owns, and operates vertically integrated mining farms with in-house management and Company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company’s proprietary data analytics system delivers operational performance and uptime. The... see more

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TSX:BITF - Post Discussion

Bitfarms Ltd > Bitcoin still down

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Post by Tradinghands on May 03, 2024 12:39pm

Bitcoin still down

Bitcoin might look like its recovering but its still down over $10,000 USD from April 8th high. Today the markets are up on hopes once again for interest cuts because of Job data but once again I see the market getting excited over nothing that will change keeping rates higher for longer then the markets will implode from false hopes. And even if Bitcoin is at $61,000+ mining companies still have to deal with half. I'll get excited when Bitcoin is over $70,000 because the markets are calling for a lower Bitcoin and media is calling for a higher Bitcoin so I'll wait and watch. GLTA