Bitfarms Ltd BITF stock price advanced to $2.15 amidst stronger crypto sentiment. Traders cite relative strength index readings above 60 as evidence of bullish momentum, while fundamental players see value in the firm’s geographic diversification strategy. The sentiments come when the US stock market is trying to break out of a consolidation that has been in place since the start of the year. While major indices are flirting with record highs, there is limited upside action as investors remain on edge amid a change of policy by the new US administration. President Donald Trump's sparking fierce trade wars with allies over trade tariffs has triggered significant volatility in the market. Several research firms recently issued reports on BITF. Jones Trading began coverage on Bitfarms in a research report on Monday, July 21st. They set a "buy" rating and a $2.00 price target on the stock. Compass Point started coverage on Bitfarms in a research note on Monday, September 15th. They issued a "buy" rating for the company. Finally, Wall Street Zen raised Bitfarms from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $3.95. Bitfarms Ltd BITF stock price hit $2.16 as Bitcoin regained upward momentum. The linkage between BITF and BTC prices remains tight, making cryptocurrency market sentiment a leading indicator for short-term trading opportunities in the stock.