Cipher Mining (CIFR) – Breakout Momentum with Strategic Buy Zones
Cipher Mining Inc. (NASDAQ: CIFR) is showing strong bullish momentum, with the current weekly candle breaking above the September 2021 high of $15.39. Price is now trading at $14.70, and the chart structure suggests a potential move toward new all-time highs — supported by rising volume and institutional upgrades.
Technical Structure
• Current Price: $14.70
• Breakout Level: $15.39 (taken out this week)
• Near-Term Resistance: $17.88 – potential new ATH
• Medium-Term Target: $24.64
• Buy Zone on Pullback:
• Tactical: $11.74
• Strategic Accumulation: $9.95–$11.74
• Trendline Support: Bullish structure remains intact above the blue ascending trendline
Volume has surged alongside price, confirming institutional interest and validating the breakout. As long as price holds above the blue trendline, the bullish thesis remains intact.
Fundamental Drivers
Bullish Catalysts
- Bitcoin Correlation: CIFR benefits directly from Bitcoin’s recent 3% rally, amplifying investor sentiment
- AI Infrastructure Expansion: Cipher signed a 10-year HPC co-location deal with Fluidstack, entering the AI cloud space
- Revenue Growth: Q2 revenue hit $43.57M, up from $36.81M YoY — with projections of $467M by 2026
Risks to Watch
- Insider Selling: Recent activity shows increased insider sales, including 1.2M shares by V3 Holding Ltd
- Volatility Exposure: CIFR remains sensitive to Bitcoin price swings and regulatory shifts
- Valuation Debate: Some analysts caution against overextension relative to earnings
Legacy Ladder Perspective
Cipher Mining offers a high-conviction equity play for clients seeking:
- Crypto infrastructure exposure without direct asset volatility
- AI-linked growth through HPC expansion
- Strategic entry zones for long-term accumulation
We remain bullish, with a preference for accumulation between $9.95 and $11.74, and confirmation of breakout strength above $15.39. A sustained move toward $17.88 could unlock medium-term upside toward $24.64, aligning with sector momentum and institutional forecasts.