Core Scientific Inc. plays a crucial role in North American Bitcoin mining, thanks to its efficient infrastructure. As interest in digital assets rises, Core Scientific’s strong performance suggests a positive trend for mining. An analysis of the Elliott Wave pattern shows clear price movements and targets for Core Scientific. A zigzag correction, marked as Wave ((2)), hit $6.20 in April 2025, leading to new highs and ongoing bullish trends. The company is now in Wave (3) of ((3)), needing at least three more upward movements. The stock is projected to rise to between $24.40 and $31.90, with a strong momentum wave currently underway. The bullish trend is clear in the daily cycle. Investors should consider entering after corrections, such as the 3, 7, or 11-swing corrections, by using the Elliott Wave strategy. The Blue Box system effectively identifies these entry points, allowing investors to take advantage of the next upward movement. Core Scientific’s bullish behavior comes in a robust crypto market. With Bitcoin staying above $115,000 in October 2025, conditions are favorable for efficient miners. This strong environment supports the notion that the stock’s upward movement is just beginning. As the stock enters its most potent growth phase, call options could be a smart move, capitalizing on the anticipated rise toward the $24.40 to $31.90 target. This rally follows the April 2025 lows around $6.20. Traders might look at call options expiring in early 2026 to give this pattern time to fully develop. For those preferring a more cautious strategy or seeking income, selling cash-secured puts during any dips is a wise choice. This strategy fits well with the idea of using pullbacks to build a position. A slight correction, normal even in strong trends, would provide a great opportunity to collect premiums at a comfortable strike price for owning shares. This outlook is backed by robust industry fundamentals throughout 2025. The Bitcoin network’s hash rate has soared above 1,200 EH/s, yet profitability remains strong, with hash prices consistently over $120 per petahash per day. This indicates that efficient miners like CORZ are thriving in a very favorable revenue environment. Looking back at previous cycles can shed light on how quickly these stocks can shift. After the 2020 halving, mining stocks saw explosive growth well into 2021, a pattern that seems to be repeating now. Current trends suggest that the most intense phase of this post-halving rally is still to come.

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