Watch These Core Scientific Price Levels After Rally on CoreWeave Buyout Talks
Key Takeaways
- Core Scientific shares rallied this week after reports Nvidia-backed CoreWeave is in discussions to buy the Bitcoin mining and hosting provider.
- The stock has formed a classic cup and handle pattern over the past six months before staging a decisive breakout above the formation’s top trendline in Thursday’s trading session.
- Investors could watch overhead areas on Core Scientific’s chart around $18.65 and $27.30, while also monitoring vital support levels near $13 and $10.50.
Core Scientific (CORZ) shares soared this week following reports Nvidia (NVDA)-backed CoreWeave (CRWV) is in discussions to buy the Bitcoin mining and hosting provider, after an unsuccessful attempt about a year ago.
A transaction could be…
