Bitcoin Miner Abandons Site for $1.2 Billion AI Deal

A major Bitcoin miner has abandoned one of its mining sites to pursue an AI deal potentially worth up to $1.2 billion.

The move comes as BTC trades at $81,834.47, with EMA50 support at $78,002.24.

Analysts suggest a healthy retracement to the 50-EMA support seems probable before further continuation, given that price is testing upper Bollinger resistance at $81,409.97 and RSI flashes overbought at 75.79.

The MACD golden cross at 606.47 reinforces the broader bullish structure above the 200-EMA at $72,367.39.