Bitcoin price approaching mining cost - capitulation imminent.

Future news: "Nobody could have predicted bitcoin at 100k"

Let's all keep in mind the long term pattern of Bitcoin's price. The four year mining halving cycle is in a low as expected and seen previous years. With price pushing the energy mining/production prices miner capitulation is imminent, providing a solid support for the price at around 28k.

Red ribbons indicate mining price for 1 bitcoin.