DEATH SPIRAL What is it?
+$BTC Analysis
In the recent analysis, misunderstandings surrounding Bitcoin must be clarified, especially those linked to the "death spiral" theory. I want to highlight the confidence and strength that currently surrounds Bitcoin, while also clearing up misperceptions about the exclusive influence of miners on the market.
This is a theory that suggests that the decrease in prices would cause the massive departure of miners, triggering a downward cycle. However, it is imperative to understand that this idea is unfounded. A detailed analysis of mining costs refutes the possibility of a death spiral.
Even after the halving, efficient miners can maintain profitability, as I illustrate with specific figures in the video. In the current scenario, the vast majority of miners would not face significant problems, thus defying pessimistic predictions.
Speaking of the current Bitcoin market, we may face a correction, but I maintain an optimistic outlook. Possible support levels are suggested around $46,000 and $45,500, with the expectation of new bullish momentum in the near future.
As for altcoins, my advice is to exercise caution and patience until leaders like $SOL and $AVAX show clear signs of recovery. The altcoin market currently remains in a state of waiting.
See you tomorrow,
Crypto Tank.
