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Bitf stock forecast technical indicators in the bitf stock

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Technical indicators in the bitf stock forecast show the RSI hovering near 60, signaling moderate bullish momentum that might strengthen on positive crypto news. While quoting research by the Federal Reserve, Cassella noted that tariffs boosted employment in manufacturing by around 0.3%. However, the rising input cost dragged down the same sector employment by around 1.1% and retaliation pulled it down another 0.7%. Therefore the net economic impact at the end was recorded to be -1.4% to the sector, which accounts for a direct loss of around 75,000 manufacturing jobs. Moreover, economists at the Peterson Institute estimated that there was a cost of about $900,000 for every job saved or created in the steel industry. Cassella further elaborated that as of yet the goal of these tariffs remains unclear, due to which the consumers and the manufacturers in the industry are confused as well. Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term. With recent hash rate increases and upgraded mining rigs, analysts in the bitf stock forecast project a modest EPS improvement for Q2