JPMorgan said Bitcoin’s production cost of about $85,000 is a “soft floor” for the market as miners regain some relief after months of losses. According to BeInCrypto, analysts led by Nikolaos Panigirtzoglou said BTC traded at $85,795 on Sept. 23, just above JPMorgan’s estimated mining cost of $84,948, after spending 280 days below that level. The bank said higher prices should reduce forced selling, though miners are still sending coins to exchanges when BTC rallies.