All black swans in history have never seen a market price lower than 160% of the electricity cost in this cycle. Therefore, based on the current electricity cost of 30,000 for 1 BTC, the risk of buying below 48,000 is extremely low (but it does not mean that there is no floating loss in the account).
JinseFinanceThe prices of Bitcoin and Ethereum can maintain support, with bitcoin trading above $19k and Ethereum maintaining above $1,300.
NulltxFamiliar support zones are back on the radar after $25,000 proves too much for Bitcoin bulls.
CointelegraphThe 200-week moving average is just one of a series of lines in the sand for Bitcoiners to keep their eye on this week.
CointelegraphThe latest analysis by Glassnode suggests that the worst of the sell-offs could be concluded, but the market still needs time to recover.
CointelegraphLevels immediately below the current $23,000 need to hold at the weekly close for Bitcoin bulls to breathe easy, commentators warn.
CointelegraphThe 200-week moving average is back on the menu for BTC/USD, but altcoins are shining as the week ends.
CointelegraphConsensus says that $22,400 marks the start of possible bottom territory, but the downside targets technically extend all the way to $11,000.
Cointelegraph$20,000 or $32,000? Both feature in the outlook for Bitcoin price action going forward.
CointelegraphBitcoin may be threatening lower levels but behind the scenes, demand is "up only," data suggests.
Cointelegraph