đ„ READ THIS! IMPORTANT UPDATE đ„
1.) On April 15th, mining one Bitcoin per average cost about $51,000 (see Screenshot 1)
The cost could go up to $60,000 totaling around $100,000 including factory expenses, electricity and labor.
This means that at this price, the Bitcoin could be seriously undervalued after the Halving. Keep this in mind! đ„
2.) A lot of the Bitcoin downside liquidty has been taken out over the Week-End. BTC at $66,000 could liquidate over 1.73 billion in shorts according the Bitcoin Exchange Liquidation Map (see Screenshot 2). There's also huge short liquidity sitting at $71,500 (see Screenshot 3). The market is attracted to go where the most liquidity is (kinda works like a magnet) - but that doesn't necessarily mean that it's going to play out. I'm not saying Bitcoin will go towards $72,000 now, but just don't be SURPRISED either if this will happen- rather than calling it market manipulation again.
3.) Despite record sell-offs by short term HODLers, Bitcoin reserves are vanishing at a rapid speed (already below 2m - see Screenshot 4).
The whales are making huge purchases!
***Also Hong Kong Bitcoin ETF could start trading by 30th April which is bullish news.***
Recap:
While most technical analyses show that it could potentially drop to 58k or even 52k and 48k, don't be too surprised if Bitcoin could go towards 70k again according such informations. Not that we'll read "market manipulation" all over again here.
In such volatile market, leveraging can be a risky game. So please be cautious in every move. đ
Not a financial advice and always DYOR.
