The scenario I expected for Bitcoin is continuing. First $102k , then I expect the decline to continue. The miner cost is in the $51,000-$57,000 range. In the 2021 bull run, the miner cost was $29k and the price had dropped to $14. In other words, it had dropped to about $15K below that level. If a similar decline occurs again, the $36k-$42k range will be the bottom level of the bear season. #Bitcoin $BTC
⚠️ #This is not an advertisement or investment advice. This analysis is my personal opinion. It does not contain certainty.
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The scenario I expected for Bitcoin is continuing. First $102k , then I expect the decline to continue. The miner cost is in the $51,000-$57,000 range. In the 2021 bull run, the miner cost was $29k and the price had dropped to $14. In other words, it had dropped to about $15K below that level. If a similar decline occurs again, the $36k-$42k range will be the bottom level of the bear season. #Bitcoin $BTC
⚠️ #This is not an advertisement or investment advice. This analysis is my personal opinion. It does not contain certainty.