Bitdeer Technologies Group

BTDR is in a Stage 4 decline with a medium-term bearish bias reinforced by active lower highs and lower lows. Price remains below the 9 and 21 EMAs amid persistent selling pressure in an extreme oversold environment. Short-term timing is neutral, so execution should be deferred. Preferred entry is on a rally into the 9/21 EMA zone or nearby resistance, with rejection there signaling a sell. A sustained hold and close above the EMAs would invalidate the bearish posture.

• ↑Q1 2026 revenue $188.9m, +170% YoY driven by 500% bitcoin output growth
• ↑AI cloud annual run rate hit $43m after 105% month-on-month surge
• ↓Q1 gross margin was -20.7%, pressured by low Bitcoin prices and depreciation