Expert: current mining cost $BTC will direct its price to $85,000
The average cost to mine Bitcoin is currently $86,668. And guess what? Historically, the price of BTC has always exceeded the average cost of production, Martinez is sure.
His assumptions are consistent with the prevailing market sentiment that Bitcoin is poised for further gains in the coming months, likely in line with the post-halving bullish trend.
Now Bitcoin investors are constantly looking for possible triggers that will help the asset exit the current correction or consolidation phase.
So far, Bitcoin has lost support at $67,000, falling to $66,500, which reflects a weekly decline of 4.4%.
$RVN also fell to a minimum. Time to buy?
