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Bitcoin Poised to Surge as Production Cost Signals Bottom

Mitchell
/17 hours ago
Bitcoins price has once again intersected with the average miner cost of production—a historically reliable indicator of a market bottom. Each past intersection has preceded major price rallies. With current breakeven costs near $60K, analysts expect a significant move up before the end of Q2.

BREAKING 🚨 : Miner Cost of Production signals bottom is in and BTC will surge soon 🚀 

The historical accuracy of this metric makes logical sense.

An asset is not going to trade for less than its cost of production. ⚡️ 

I’ve circled in red each prior instance in which the Bitcoin price intersected with the average cost of production – all of these intersections were followed by the Bitcoin price making a significant move higher. 📈 

I expect this time to be no different – Bitcoin is going to make a move up before the end of Q2.

The chart above aggregates the cost of production across all miner types to come up with a singular industry average, but not all miners are made equal. The cost of production varies depending on electricity rate and machine type.

In the chart below we break down the ‘cost of production’ for various machine types based on an electricity rate of $0.078/kWh.

All 3 variations of the ‘Antminer S21’ have a breakeven price of $60,000 or less.

Miners hosted with @BlockwareTeam get access to these profitable economics — meaning they stack BTC everyday at a 50%+ discount to the spot price.

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