IREN: Shares Drop as AI Conversion Costs Rise

IREN shares declined after the Bitcoin miner disclosed higher costs tied to its AI pivot. BTC price action at $77783.24 shows the asset holding inside its Bollinger band with upper resistance at $80522.33 and lower support at $77680.52. The 50-EMA at $76756.43 and 200-EMA at $69791.98 frame the broader bullish structure, yet the MACD death cross at 442.89 signals fading momentum while RSI at 43.9 stays neutral. Traders watching BTC price prediction models now eye a potential retracement to the 50-EMA before any continuation higher. AI industry impact on former miners like IREN continues to pressure margins even as crypto market crash fears remain absent from current flows.