As a result of the austerity policies of the American central bank; We have witnessed the decline of risky assets.
Currently, the bitcoin price is below the miners' cost of producing bitcoin.
Bitcoin price is currently very close to support according to the Long-term parallel channel pattern. The support of the channel is roughly near $17000. As long as the monthly closes are not below this channel, I expect upward moves.
Currently, the bitcoin price is below the miners' cost of producing bitcoin.
Bitcoin price is currently very close to support according to the Long-term parallel channel pattern. The support of the channel is roughly near $17000. As long as the monthly closes are not below this channel, I expect upward moves.