According to ChainCatcher, crypto analyst PlanB posted on X platform, "The market is still sideways, with a trading range of around 60k, and I 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. We need the price of Bitcoin to double again to start the bull market."

Crypto analyst Willy Woo commented below his tweet, "At the current BTC pricing, only the latest models of mining machines will be profitable after the halving. As the chart shows, now is usually a good time to buy BTC (and use the latest generation of hardware for mining)."