The BTC mining industry currently incurs the following production costs per BTC:
Power cost: $23,000
Hardware cost: $20,000
Historically, BTC's market price has aligned with its production cost on at least four occasions.
This pattern is especially evident after halving events, where the price tends to reach or hover around the production cost level.
The consistent correlation between BTC's price and production cost is a significant indicator for technical analysis, suggesting a critical support level in market behavior.
Power cost: $23,000
Hardware cost: $20,000
Historically, BTC's market price has aligned with its production cost on at least four occasions.
This pattern is especially evident after halving events, where the price tends to reach or hover around the production cost level.
The consistent correlation between BTC's price and production cost is a significant indicator for technical analysis, suggesting a critical support level in market behavior.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.