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Is the historical highest point of Bitcoin about to come? Analysts have identified the indicators that appear before each major Bitcoin rise.
Both mining costs and the behavior of long-term holders indicate a strong market.
Breedlove mentioned the "industry average" miner production cost, which is a model that combines many operational variables, such as electricity pricing and hardware efficiency. He cited a study conducted by Blockware.
According to this indicator, Bitcoin has reached its lowest point in history. This occurs when the market price of cryptocurrencies is close to or below the average production cost. Previously, this model was observed to coincide with six significant market lows, and Breedlove has noted that it is now showing bottom signals again.
Breedlove mentioned the long-term holder supply data as an additional important component, while also pointing out mining economics as a key factor. This statistic monitors the number of Bitcoins that have not been actively traded on the blockchain for at least 155 days. It acts as a proxy for investor confidence levels and the potential for supply constraints.
The balance of long-term holders has increased by about 150,000 Bitcoin over the past 30 days. Historically, this accumulation during market consolidation or pullbacks often occurs before a price rise, as it reduces the selling pressure caused by this reason.
Breedlove added that the number of holders willing to sell their Bitcoin has decreased, which may reduce the amount of Bitcoin available at these levels, as the price of Bitcoin is now fluctuating between $80,000 and $100,000.
#SaylorBTCPurchase BTC rebound #StrategicBTCReserve Trump 100 days $BTC