After falling to $ 74K due to economic turmoil, Bitcoin has increased by 25% since then, but may be the beginning. Robert Breedlove, the best encryption expert, has not yet surged. He refers to three major signs that may mean that Bitcoin’s big escape is on the corner.
Are you ready to find out what’s next? Let’s dive!
The miners are limiting
The first is the “average miner production cost” chart shared by blockware. This chart is based on average costs for mining 1 bitcoin on average. If you look at the pattern, the price of bitcoin is not maintained for a longer than the mining cost. Every time Bitcoin fell below it, it was the lowest before the big price jump.
It was 6 times, the most recent in September 2024, and now it flashes again.
Long -term holders are buying more Bitcoin.
Another major indicator shows that long -term holders, long -term holders who have not moved BTCs for more than 155 days, are buying more coins. In the last 30 days, we have added about 150,000 bitcoin alone.
It shows strong faith in Bitcoin’s future and means reducing supply. And when the seller is small, the price usually rises.
More money is entering the market
The final and most powerful signal is Fiat Liquidity, especially US dollars. If more dollars flow into the financial system, there are more money to buy Bitcoin.
ETFs, Bitcoin bonds and large corporations start buying BTC, making it easier for money to flow.
Therefore, the situation may seem calm, but this quiet signal suggests that a larger Bitcoin rally may be on the corner.
Bitcoin Price is currently trading for about $ 96,676, reflecting a 1.5% increase over the last 24 hours, with a market cap of $ 1.92 trillion.