Bitcoin miner fallout: The $14.95 line that bulls must defend in BTDR

Bitdeer Technologies (BTDR), a leader in cryptocurrency mining solutions and data center management, was severely punished by the market after its recent earnings release. While the company managed to beat revenue expectations by 5.32%, the stunning miss on earnings per share—coming in 481% below estimates—sent investors scrambling for the exits. The resulting selling pressure slammed the stock down by over 19.74% in a single day, dragging down the momentum of the wider Bitcoin mining market along with it.

The immediate reaction was fierce, but technical analysis shows that the selling pressure found a temporary floor just above the $17.32 support level. However, the real structural defense for BTDR is rooted in its long-term technical pattern.

Since April of this year, BTDR has been trading reliably within an inclining parallel channel. The bottom of this long-term pattern is the next and most significant support level, located near $14.95.

The critical juncture

For the bulls, the entire near-term case for BTDR hinges on the strength of this parallel channel. A decisive break and close below the $14.95 channel floor would be devastating for the chart structure, destroying the stock’s accumulated bullish momentum.

Conversely, if the channel holds firm—treating the recent drop as an oversold test of the support—it would allow the price to stabilize and begin its recovery. The immediate goal for buyers will be a re-test of the 50% midpoint of the channel, which currently sits in the highly relevant $22–$23 range. The next few sessions will define whether this 20% drop is a temporary washout or the beginning of a larger downtrend.