The chart illustrates Bitcoin's price movement through the Gann Fan levels, highlighting crucial support and resistance areas.
Currently, BTC is approaching the 1/2 Gann level, indicating a critical point where the price could either stabilize or break further down.
If BTC fails to hold the support around the 1/2 level, we may see a decline towards the 2/1 and...
The chart indicates that Bitcoin is nearing critical resistance and support zones, as illustrated by the Fibonacci Speed Resistance Fan.
Currently, BTC is testing the 0.382 resistance level, and there's a possibility of further downward movement, indicated by the red forecasted path on the chart.
Should BTC continue to correct, key support levels can be observed...
The Bitcoin mining industry currently faces an estimated production cost of $23,000 for power and $20,000 for hardware per BTC.
Historically, Bitcoin’s price has repeatedly aligned with its production cost, particularly after halving events, acting as a strong support level.
We have observed this correlation on at least four occasions, indicating a consistent...
The BTC mining industry currently incurs the following production costs per BTC:
Power cost: $23,000
Hardware cost: $20,000
Historically, BTC's market price has aligned with its production cost on at least four occasions.
This pattern is especially evident after halving events, where the price tends to reach or hover around the production cost level.
The...
