Not Yet The Bottom, Carefull
Bitcoin / TetherUS BINANCE:BTCUSDT
CiseengCukong
At current rate: Miners don't create profit in mining, which is also the period that retail miner will give up and exit market.
It is expected that market will keep ranging in 30k-60k till Halving 2024. Above & Above these levels are DEVIATIONS. New ATH will be at next halving.
Here is time to learn to prepare for next bull market (next halving).
The Capitulation of others is your opportunity
They had same context and people blame for these events
but the not many understand the story behind.
The manipulation of Big Miner Whales try to sweep out small retail miners.
Everything need to reset to open a new cycle
- Production cost lost at 34k: Retail miner don't print profit in their business.
- At electricity cost level: They will close their factory and panic-sell their equipments
So, The bottom should be below Electricity cost level
http://dlvr.it/SQnFcN
