#BTC Mining Costs and Why BTC Will Not Go Down Too Far Under $60000๐ฅ๐๐ ๐
I know lots of posts in Binance Square trying to create FEAR and posting BTC price will go down under $60k even reaching under $50k but as you can see in my quoted post, I had made predictions about BTC will not going down under $50k because there is lots of factors that will prevent it except when there is global accidents such as World War, global pandemic like Covid๐ฅ๐บ๐๐งฉ
As a prove of my statements in my quoted post I'm giving you BTC mining cost at April 16'2024 which is about $52k (see image) and this cost is the cost before halving, can you imagine the cost of BTC mining after halving ?๐ฅ๐๐งฉ๐ธ
I believe the cost is not included with miner investors interest rates and other factors too also as you can see in BTC chart that whales trying to drag BTC down under $60000 but always failed and only successful doing it one time by making panic selling to around $59600 that also got rebound quickly to $60k again๐๐ฅ๐ธ๐งฉ๐บ
So in my opinion this year halving will not repeat the history of BTC halving which will also affecting altcoins specially coins that had high volatility such as #BOME #FLOKI #PEPE
Do not be afraid and driven by FEAR because BTC halving will happen in 2 days while BTC price still moving around $60-$62k which is a good sign
As always DYOR and dont let yourself driven by greed and fear
God bless๐๐
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