Updated
Bitcoin Production Profitability has formed its own trendline...
There's no way this is coincidence, we're in for a least a significant dead cat bounce, if not a full on recover/reversal to the upside.
Note
The more i think on this the more it makes sense. Ill refrain from an in-depth write up until more time has passed but it seems to me logical to think that miners will have a master in plan in place, knowing how long then can bear to work below profitability and caring about nothing more than that bottom line.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.