While this happened, Needham reiterated its Bitdeer Technologies Holding Co [BTDR] rating to a Buy in a research note published on April 21, 2025; the price target was $13. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in mid March has reiterated a ‘”a Buy”‘ rating for it. Keefe Bruyette began covering BTDR with “an Outperform” recommendation on January 27, 2025. Northland Capital started covering the stock on October 09, 2024. It rated BTDR as “an Outperform”.
Price Performance Review of BTDR
On Monday, Bitdeer Technologies Holding Co [NASDAQ:BTDR] saw its stock fall -0.26% to $7.60. Over the last five days, the stock has lost -4.40%. Bitdeer Technologies Holding Co shares have fallen nearly -64.93% since the year began. Nevertheless, the stocks have risen 37.18% over the past one year. While a 52-week high of $26.99 was reached on 01/06/25, a 52-week low of $5.25 was recorded on 04/16/25. SMA at 50 days reached $10.89, while 200 days put it at $11.66.
Levels Of Support And Resistance For BTDR Stock
The 24-hour chart illustrates a support level at 7.37, which if violated will result in even more drops to 7.13. On the upside, there is a resistance level at 8.03. A further resistance level may holdings at 8.45. The Relative Strength Index (RSI) on the 14-day chart is 39.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.54%. Stochastics %K at 28.96% indicates the stock is a holding.
How much short interest is there in Bitdeer Technologies Holding Co?
A steep rise in short interest was recorded in Bitdeer Technologies Holding Co stocks on 2025-03-31, growing by 4.97 million shares to a total of 21.85 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 16.89 million shares. There was a rise of 22.72%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 08, 2024 when Alliance Global Partners began covering the stock and recommended ‘”a Buy”‘ rating along with a $14 price target.
