A quick note about the BTC Ahr999 Index.

This is the index I mentioned in the previous post, and it tells us how close or far Bitcoin is from its average cost over 200 days. Simply put, it is a measure used to determine whether Bitcoin is currently cheap (below its mining cost) or expensive (above its mining cost)?!

What interests me in this chart is the number indicated by the blue circle, which is 86.076, and this number represents the actual cost of Bitcoin, while the number next to it is the current trading price of Bitcoin, alongside the date of today.

So according to this index, is Bitcoin currently cheap or expensive?! Definitely cheap.

I pointed out in the previous post that this is the positive index for Bitcoin $BTC , but I am not concerned with it because it is not a sufficient justification for Bitcoin's rise; many mining companies may stop mining Bitcoin until it simply rises and becomes more expensive than its cost price.

💠 Note: I will try to respond to all comments; please excuse me for the delay🤍