"Bitcoin (BTC) is in a downtrend that has lasted more than 2 weeks, down 13.8% from its all-time high of $73,835 on March 14. Experts say BTC needs to recover its hashrate and be eliminated." weak hands" to end the downtrend. 📉

Independent expert Willy Woo said Bitcoin price will only recover when "weak miners die" and hashrate recovers.

As Bitcoin “eliminates weak hands,” it means “inefficient miners with old and high-cost hardware face bankruptcy. While others are forced to upgrade to more efficient hardware " because their revenue has dropped by half.

Woo said surrenders are taking longer in the current cycle, perhaps because of rising profits.

Bitcoin's hashrate is taking longer to recover than in previous cycles.

Expert Ali Martinez said: "Bitcoin's average mining cost is currently at $86,668. History shows that $BTC always increases strongly above its average mining cost!"

Expert Mr. Anderson believes that the Bitcoin price will end its downtrend after a “shake,” which occurs “when prices fall sharply, leaving traders less committed to selling.”

“The goal is to trigger panic and increase selling,” he explains.

"After weaker traders leave, prices often stabilize or recover as stronger traders buy in at lower prices."

Let's discuss this situation!#Bitcoin#BTC #cryptocurrency"