According to BlockBeats, on September 16, crypto analyst PlanB posted on social media that the market is still trading sideways, with a trading range of around 60k, and he can re-enter the market. In addition, Bitcoin is in a bull market, but the rise has not yet come. Miners are still struggling to cope with the consequences of halving, and the price of Bitcoin needs to double again to start the bull market.
Well-known cryptocurrency analyst Willy Woo commented that at the current BTC pricing, only the latest models of mining machines will be profitable after the halving. Now is usually a good time to buy BTC and mine with the latest generation of hardware.
