BitMine (BMNR) Stock Bounces As Q4 Results Near — Is the Price Preparing Another Early Move?

Core Insights - Bitcoin mining has shown a rebound in July 2025, with miners increasing output and efficiency, leading to a 4.3% rise in BMNR stock despite a 21% decline over the past five days [1] - The upcoming Q4 earnings report on November 21 has sparked speculation about BMNR's stock positioning ahead of the market [1] Historical Context - BMNR has previously outperformed Ethereum, with a notable surge of 3,993% from $3.91 to $160.10 between June 26 and July 3, while Ethereum only moved 10% during the same period [3] - The last time BMNR moved ahead of Ethereum was marked by similar market conditions, prompting traders to watch for potential patterns [2] Market Indicators - Several bottoming signals are emerging across Bitcoin and Ethereum, suggesting BMNR may be sensing a market shift [5] - The Relative Strength Index (RSI) indicates hidden bullish divergence, with BMNR making a higher low while RSI made a lower low, suggesting a long-term uptrend despite pullbacks [6] - The On-Balance Volume (OBV) shows a divergence where BMNR's price made a lower low while OBV made a higher low, indicating fading seller pressure [8] Technical Analysis - OBV remains below a descending trend line, which has limited recovery attempts, but is curling upward as the earnings date approaches [9] - A break above the OBV trend line is anticipated to trigger significant movements in BMNR [9]