Following these proceedings, 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 -6.56% to $10.25. Over the last five days, the stock has gained 2.30%. Bitdeer Technologies Holding Co shares have fallen nearly -52.70% since the year began. Nevertheless, the stocks have risen 86.36% 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 $9.77, while 200 days put it at $11.61.
Levels Of Support And Resistance For BTDR Stock
The 24-hour chart illustrates a support level at 9.86, which if violated will result in even more drops to 9.48. On the upside, there is a resistance level at 10.64. A further resistance level may holdings at 11.04. The Relative Strength Index (RSI) on the 14-day chart is 54.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.39%. Stochastics %K at 83.77% indicates the stock is a selling.
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 2025-04-15, growing by 3.45 million shares to a total of 22.14 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 18.69 million shares. There was a rise of 15.58%, 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.
