🧐 Does the cost of Bitcoin mining reveal the bottom and the top?
One of the most overlooked indicators in the crypto market is the cost of Bitcoin mining ⛏️
📌 Historically:
The price of Bitcoin has moved close to its mining cost
Breaking it downwards has been a rare event and often during periods of sharp decline
📊 After the Halving
The cost of Bitcoin mining varies by country, electricity, and equipment efficiency,
but estimates indicate a range of approximately between: $70,000 – $130,000
📉 What if the price breaks the mining cost?
Historically, the decline has often been: 10% – 30% below the cost
Only once did it break by more than that
And it was during the Corona crisis
🔍 Worst theoretical scenario: If a very strong collapse scenario repeats,
we might see Bitcoin between: $55,000 – $75,000
⚠️ But:
This is not a prediction
Nor an investment advice
But a historical reading based on market behavior
💡 In summary: Mining cost = strong support indicator
But it is not used alone…
The market is ruled by fear, greed, and liquidity 🔄
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#Bitcoin #BTC #CryptoAnalysis #Halving #OnChain #BinanceSquare #MarketCycle #SmartMoney
