Why Bitcoin Production Cost Is A Very Likely Bottom https://bitcoinist.com/why-bitcoin-production-cost-is-a-likely-bottom/ Article mentions production cost of $20,260 but JPM Chase came out yesterday and sez it is around $13,000 which may be seen as a negative. So who knows?
Yep, any pivot from Fed or Sleepy Joe toward QE or stimulus, and we are off to another mini? bull market. Quick liquidation wicks aside, I don't see BTC going below $16k. The way BTC really gets to $10k is a slow bleedout
Alice isn't buying coffee from Bob with BTC, and never plans to. That narrative for BTC is long dead. In fact, Alice isn't buying coffee with any other crypto, even though quite a few have tried to make that the focal point. What does seem to actually work to transfer value accurately within blockchain, is stablecoins. USD stablecoins.
Near 20K , a good support area can be seen but if it breaks then approx 10k, 11k will be the next support zone . It is corrected about 65% from last 8,9 months till now . BTC is the pillar of crypto market , it will surely bounce back for a new high very soon as the price action is representing.
The title of this thread did not age very well. Despite BTC went as low as 17K, it didn't come close to 10K and it's been over a month now... Come on, even a broken watch can be correct 2x a day.