Canaan: Shares Plunge on Middle East Bitcoin Miner Warning

Canaan shares plunged after CEO warned that Middle East conflict clouds outlook for Bitcoin miners amid ongoing regional tensions.

BTC trades at $76805.91 inside Bollinger bands with upper resistance at $78826.26 and lower support at $76043.55. Price sits below EMA50 at $78557.75 and EMA200 at $77357.96 confirming bearish trend structure while RSI at 39.44 stays neutral and MACD golden cross at -705.77 hints at building momentum. Institutional desks watch for a potential retracement toward the 50-EMA before any sustained move higher in this BTC price prediction environment.