📈 RIOT to $130? The Bull Case Is Heating Up
RIOT Platforms is primed for a major breakout — multi-year triangle compression on the weekly, identical to its 2020 setup before a 35x move. We’re now approaching the 1:1 time Fib window (2021 top → 2022 bottom → 2023 echo high), the same cycle structure that triggered the last parabolic rally.
BTC at $111K, eyeing $160K. History says miners lag then explode. RIOT gained 35x in the last BTC breakout — this cycle could easily echo that with a $130 target (0.886, last cycle price hit the 0.786, prior to that, the 0.65 so the logical next target is the 0.886
Fundamentals are locked in:
⚡️ Hash rate: 33.7 EH/s
🧱 Producing 500+ BTC/month
🧮 Cost per BTC: ~$44K → profit margins >70% at $160K BTC
💰 Treasury: 19,000+ BTC (~$2B)
🏭 New Corsicana site online, scalable beyond 35 EH/s
Sentiment setup is explosive:
🔥 High short interest = squeeze fuel
🔁 Chart reclaiming macro trendline + coiled tight
🧠 Retail and institutional flows rotating into miners
Cycle symmetry. BTC tailwind. High-beta name with short squeeze potential. Riot’s $130 move is technically, fundamentally, and psychologically primed.
#RIOT #Bitcoin #BTC #CryptoMiners #Breakout #Compression #BullRun
RIOT Platforms is primed for a major breakout — multi-year triangle compression on the weekly, identical to its 2020 setup before a 35x move. We’re now approaching the 1:1 time Fib window (2021 top → 2022 bottom → 2023 echo high), the same cycle structure that triggered the last parabolic rally.
BTC at $111K, eyeing $160K. History says miners lag then explode. RIOT gained 35x in the last BTC breakout — this cycle could easily echo that with a $130 target (0.886, last cycle price hit the 0.786, prior to that, the 0.65 so the logical next target is the 0.886
Fundamentals are locked in:
⚡️ Hash rate: 33.7 EH/s
🧱 Producing 500+ BTC/month
🧮 Cost per BTC: ~$44K → profit margins >70% at $160K BTC
💰 Treasury: 19,000+ BTC (~$2B)
🏭 New Corsicana site online, scalable beyond 35 EH/s
Sentiment setup is explosive:
🔥 High short interest = squeeze fuel
🔁 Chart reclaiming macro trendline + coiled tight
🧠 Retail and institutional flows rotating into miners
Cycle symmetry. BTC tailwind. High-beta name with short squeeze potential. Riot’s $130 move is technically, fundamentally, and psychologically primed.
#RIOT #Bitcoin #BTC #CryptoMiners #Breakout #Compression #BullRun
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.