If Bitcoin continues to fall, where is the bottom?

From the perspective of miners' costs: the cost price of miners' old equipment has dropped to $61,300 after halving. Below this price, miners can only sell part of BTC to maintain electricity and equipment maintenance costs.

It fell to $58,350 last night, which once caused panic among market miners. After identifying the authenticity of the Mentougou incident, the price slowly rebounded to near the miners' cost price. Miners will not sell for the time being.

From the perspective of the black swan events in the market: From the historical experience of 312 and 519, the 319 incident broke out, and the price of Bitcoin fell back to 40%, close to halving, and the lowest price of BTC fell back to $43,129. This is a prediction based on the current strong period of Bitcoin!

Unless it enters a bear market, Bitcoin may be halved, which is unpredictable. The price in a bear market depends entirely on how much survival there is in the market!

I suggest you pay attention to me first, learn the knowledge of the currency circle with me, and make up for your basic skills.

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