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Post-Halving Bitcoin Update! ๐๐ฐ
Bitcoin's price is currently struggling to maintain levels above $60,000, down from its peak of $72,700, despite experts estimating the average mining cost to be around $50,000 per BTC. ๐ฎ
While market expectations might not have been met yet, the question remains: how long will this downturn last? ๐ญ With Bitcoin's supply becoming increasingly scarce due to the halving, one might wonder if demand will eventually taper off. ๐ค
So far, bears seem to have the upper hand post-halving, but don't count out the bulls just yet! ๐ป๐ With Bitcoin's scarcity and growing adoption, many are gearing up for a long-term bullish trend. ๐๐ช
What's your take on the current Bitcoin situation? Share your thoughts in the comments below! ๐ฌโจ Let's keep the conversation going! ๐ฅ๐ฌ
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