In the bitcoin cost of production from the two different's model we find two channel that low and high of the cost of production move between this two Channel's. At the end of 2021, low of production cost is around 20k
At the end of 2020 hight of it is around 20k
In the bitcoin bull run price is above high of cost of production. Seems price should go higher in the 2-3 month later and support by cost of production to start the final bull run.
The buy signal from onchain(smart money), hashrate And active address at the moment that price find it lows and not see that low again
In the coming week we see another buy signal