RIOT: The Sleeper Trade to $130📈 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
