The Production cost of #BTC 1 Bitcoins is approximately 47,000 USD as of January 1, 2024. So, what is the Production cost of 1 Bitcoin now? Currently it is 51000 USD, that was the real question and we can call it the bottom price point of Bitcoin. Bitcoin will not be cheap after this period as the cost will increase after Halwing. The pressure to reduce the price is for 20 days. Therefore, there is a lot of data etc. Fed Sec, a sale that deepens and spreads fear to the society. Basically, this is the only way we can analyze the price... This is what#Halvingactually means
Follow us to be informed about our General Market Analysis and content and like it if you are satisfied 👍 #XRP #XRPL
#TRX continues to maintain support on a daily basis, daily market cap is above 500 million dollars. If the bulls give the start, there could be a rally up to the levels of 0.290 and 0.300.
It could climb up to the level of #Btc 99500 if it does not lose the 95k level on a daily basis. Overall, I am expecting a rally.
When considering both together, it is trying to break the #Trx 0.32 drop. If Bitcoin allows it, why not? As long as it does not lose the level of 0.23, it could draw a bullish chart. It would not even be a surprise if it makes a new ATH.
At the level of #Total 2.9 T dollars, it could climb up to the level of 3.3 T dollars. The board is very tight now, and there will also be a bounce in altcoins.
There is a lot of unclosed area below for #BTC , it needs to close weekly above 101500 upwards, it could not do this, now there is a temporary support between 92 and 90 k in the 4-hour period below, if this support cannot hold, it will want to try by zigzagging up to 83500 77000 71000 levels. My expectation is that it will test the 83500 levels. It needs to complete this Retest to see that altcoins are decoupling from Bitcoin.
Alpine, which Binance also supports, can close above 2 USD daily or weekly, and can get TP in the form of 2.7 3.7 4.8. After the targets it will burn, it must stay above 3.7 USD for Ath.
For the Uptrend, the search for volume continues for a higher level by closing weekly above 55 cents. There is a density of large buy orders around 0.50 cents. If this serves as support, it can catch a strong exit. If it moves in this way, the first stop is 75 cents and I leave a chart for the next targets. If you are trading on the Futures side, the weekly closing below 48 cents can test 30 cents again. Adjust your risk status accordingly.
You can reach the correct information and analysis by following us. Please support by following 💙
Rumors are circulating in the market that the US government will buy Bitcoin So if the US government buys 1,000,000 Bitcoins, at what price will it buy it? 🤔
The bottom price when the ETF was listed was 37K
The production cost of 1 BTC was 49k
The trend starting price when Bitcoin ATH broke and started the rally was 60k
We will see when and how they will buy it, is this a rumor or is it serious?
If Tether Dom closes below 5.2% daily, it will start to fall gradually to 4.4%, which means that USDT will decrease and money will be inflowed and investment will be made
therefore, Tetther dominance falling below 5.20% is required