🚨 Bitcoin’s Real Bottom Could Be Closer Than You Think
I’ve been tracking $BTC and its relationship with Bitcoin mining electricity costs for years, and one pattern continues to stand out.
Historically, major Bitcoin bottoms have formed within roughly 20% of miners’ electrical production cost.
Right now, that cost is around $41,946.
If the historical pattern repeats, that puts a potential $BTC bottom near $50,000.
Why does this matter?
Miners are among the market’s most consistent forced sellers. When Bitcoin trades below their production costs for long enough, weaker miners start selling reserves, shutting down operations, or capitulating entirely.
That selling pressure can eventually help establish a floor.
Think of mining costs as a kind of gravity for Bitcoin’s price.
It won’t predict the exact bottom, and history never guarantees the future. But as a long-term support indicator, it’s definitely a level worth watching.
$50K BTC? Keep it on the radar. 👀
#Bitcoin $BTC #BTC #Crypto
I’ve been tracking $BTC and its relationship with Bitcoin mining electricity costs for years, and one pattern continues to stand out.
Historically, major Bitcoin bottoms have formed within roughly 20% of miners’ electrical production cost.
Right now, that cost is around $41,946.
If the historical pattern repeats, that puts a potential $BTC bottom near $50,000.
Why does this matter?
Miners are among the market’s most consistent forced sellers. When Bitcoin trades below their production costs for long enough, weaker miners start selling reserves, shutting down operations, or capitulating entirely.
That selling pressure can eventually help establish a floor.
Think of mining costs as a kind of gravity for Bitcoin’s price.
It won’t predict the exact bottom, and history never guarantees the future. But as a long-term support indicator, it’s definitely a level worth watching.
$50K BTC? Keep it on the radar. 👀
#Bitcoin $BTC #BTC #Crypto