Citigroup’s 540% Gamble: BMNR’s Price Plunge or Poetry?

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The BitMine stock price, like a weary poet clutching a fading candle, flickers with tentative hope. BMNR rose 6% on Feb. 13, a sigh of relief in a market that forgets names faster than lovers. Over five days, it climbed 7.32%, a modest crescendo while Ethereum-BitMine’s shadowy muse-dipped 3.3%. One might call it a romantic divergence, or simply a stock trying to remember its own identity.

Yet the charts whisper of fragility. Citigroup, that bullish ballet dancer, has added BMNR to its portfolio, but even ballerinas trip. The bearish structure lingers, a rusted pendulum waiting to swing. The next few sessions? A tragicomedy of gains or a prelude to collapse-only the gods of Wall Street know.

Bear Flag Structure: A Frayed Carpet Underfoot

Since early February, BitMine has danced within a bear flag, that sly pattern born of sharp falls and feeble recoveries. Between Dec. 10, 2025, and Feb. 5, 2026, it plummeted 60%, carving a pole of despair. Since then, a 26% rebound-dubbed the “flag”-has fluttered like a half-hearted flag at a funeral.

Want more insights? Subscribe to Editor Harsh Notariya’s Daily Crypto Newsletter. Or don’t-fate is fickle.

This recovery, however, remains a tightrope walk. Key resistance looms like a distant thundercloud. Break above it, and BMNR might yet defy gravity. Fail, and the stock will likely tumble into another abyss, where bears sip tea and chuckle.

If the bear flag confirms, the stock could plummet 60% from its current perch. A question arises: Why does recovery flirt with breakdown? Perhaps the answer lies in momentum, that fickle muse.

Hidden Bearish Divergence: Sellers’ Silent Symphony

The RSI, that barometer of buying and selling strength, tells a tale of quiet decay. Between Nov. 18, 2025, and Feb. 9, 2026, BitMine’s price made a lower high while RSI climbed-a classic bearish divergence. Sellers, it seems, have mastered the art of control.

After this divergence, BMNR dropped 14%, a polite nod to gravity. Now, a similar setup brews. RSI creeps upward, but the stock remains shackled below $21.57. Breakout? Or another fall? The market’s answer is always a riddle.

Momentum alone cannot sway fate. Capital flow, that grand orchestra of institutional whims, offers another clue.

Institutional Love Letters and Capital’s Cold Shoulder

Citigroup, that titan of finance, raised its BMNR stake by 540%-a love letter written in zeros. BlackRock, BNY Mellon, and others followed suit, like suitors at a gala. Yet, amid this romance, firms like Baird Financial and Resources Investment Advisors dumped BMNR, leaving the stock to ponder its worth.

🚨 TOM LEE WAS RIGHT
WALL STREET IS BUYING BITMINE

In the same quarter, multiple Tier-1 institutions materially increased exposure to BITMINE.

🔹 STIFEL +39%
🔹 CITIGROUP +542%
🔹 BLACKROCK +165%
🔹 BNY MELLON +497%
🔹 MORGAN STANLEY +25%
🔹 CHARLES SCHWAB +59%
🔹 ARK (CATHIE…

– BMNR Bullz (@BMNRBullz) February 14, 2026

The Chaikin Money Flow (CMF) indicator, a mirror to institutional sentiment, remains below zero. Capital exits the asset like a patron leaving a poorly reviewed play. While CMF inches upward, it clings to the negative, a testament to the market’s indecision.

This conflict-buying against selling-is the stock’s tragic core. Citigroup’s confidence is a beacon, but the broader tide remains skeptical, a crowd murmuring doubts at a royal coronation.

Price Levels: The Final Act of BMNR’s Tragedy

BMNR now hovers at a crossroads. Resistance between $21.57 and $21.74 is a fragile bridge to $29.60 and beyond. A breakthrough would signal buyers’ triumph, a rare victory in this theater of despair. But should the stock falter below $20.02, the bear flag’s breakdown becomes inevitable, a descent to $15.05, then $11.22, and finally $8.36-a financial purgatory.

Citigroup’s bullish ballet may yet sway the crowd, but the bearish symphony plays louder. The next few sessions? A final act where Tom Lee’s optimism duels with the market’s cruel whims. Who wins? Only the poets of profit will know.

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2026-02-17 18:41