$BTC #btc This famous analyst thinks Bitcoin price below $100,000 is just days away

Charles Edwards claims that the days of Bitcoin below $100,000 are almost over. Below are his predictions about the future of BTC.

The highly anticipated Bitcoin Halving event took place successfully over the weekend and the rewards for miners were cut in half.

According to the founder of Capriole Investments, Charles Edwards, the Bitcoin price increase after the Halving event is about to happen, and he expects strong growth of this largest digital asset.

Edwards said that the recent halving will represent a seismic shift for Bitcoin at this time, as electricity costs have increased to a figure of $77,400 per newly mined BTC.

Note that the $77,400 Bitcoin electricity cost (the “raw” electricity cost per block) is currently higher than the spot price. Edwards claims that the days of Bitcoin below $100,000 are almost over.

Welcome to a new era.

Bitcoin electricity costs currently stand at a whopping $77.4k. (This is the raw electricity cost required to power the network per Bitcoin mined.)

This means Bitcoin is trading at a DEEP DISCOUNT.

The days of Bitcoin below $100,000 are almost over.

Finally, Edwards analyzed that it is extremely rare for BTC spot trading prices to be below electricity prices. He believes that it will not take long for this situation to be overcome and predicts that BTC prices will exceed $100,000 in the near future. next few days.

At the time of writing, Bitcoin has seen a growth of 2.46% and is trading at 66.178 USD