Bitcoin Miners Brace for $100K Amid Cost and Market Dynamics
TL;DR Summary
Bitcoin's price struggles to surpass the $100k mark, facing resistance around $97.8k-$98.5k, but a major price retracement below $90k is unlikely due to the average mining cost trend. Historically, Bitcoin's price has not fallen below its average mining cost during bull runs, suggesting that the current $90.5k mining cost level may hold strong for the foreseeable future.
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