BitMine Stock Rebounds Amid Bearish Pattern

BitMine (BMNR) stock has experienced a tentative 6% rebound, despite Ethereum's recent decline. According to NS3.AI, the stock remains trapped in a bearish bear flag pattern. Institutional buying, notably Citigroup's 540% increase in stake, contrasts with weak overall capital flow. The Relative Strength Index (RSI) and Chaikin Money Flow indicate bearish momentum. Critical price levels between $20.02 support and $21.57 resistance will be pivotal in determining whether BMNR continues its recovery or faces a significant breakdown.