Bitcoin Miners Brace for $100K Amid Cost and Market Dynamics
Originally Published 1 year ago — by AMBCrypto News
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.