The average cost to mine 1 BTC is about $60k so I doubt we will go too far below $60k.
$59k is very possible.
BTC is going to do its thing, we could always hit low $50ks, I just doubt we will stay there very long.
Agree 🤝🏻
All those guys shouting for 40k or even 30k will get dissapointed.
99% the maxis are shouting we bottomed at 60K and the bull run is back soon. 40K in play is most likely for sure. Hive or take 5K… but u know my take so I won’t bore ya. For others reasons, it’s just the same thing we see every cycle, we didn’t bottom at 60K only 4 months after top. Wherever we go, it will be months from now where we bottom.
We’ve gone way way below that cost in prior bear markets. No way we bottomed only 4 months after the cycle top. 49K club right here! With lots of sideways action for next 18 months.