- Bitcoin production cost is now at $95,000, a value higher than BTC’s current price.
- Reputed analyst marks this as a prime opportunity to accumulate Bitcoin.
- Bitcoin replicates and confirms a hidden bull pattern promising an explosive crypto rally.
While most traders and investors are panicking over the fall of Bitcoin (BTC) price and the altcoin market along with it, seasoned analysts are taking a more research-based approach to the matter. One analyst marks how Bitcoin production cost is now at $95,000 marking a tremendous BTC buying opportunity.
Bitcoin Production Cost Now at $95,000
In detail, the reputed, Doctor Profit, known for his many accurate silver-tongued predictions makes a statement concerning the Bitcoin production cost. As we can see from the post above, he states that the Bitcoin production cost is now at $95,000. According to CoinMarketCap data, the price of BTC is presently lower than the Bitcoin production cost.
To highlight, this analysis adds up to the fact that buying Bitcoin (BTC), when the production cost of the pioneer crypto asset is lower than its production cost would mean that this is one of the historically best buying opportunities for crypto, especially Bitcoin (BTC) traders, investors, and holders.
Bitcoin Confirms Hidden Bull Pattern
With BTC production costs going higher, it is quite inevitable, in the eyes of long-term analysts, that BTC prices will continue to climb. As we can see from the post above, this analyst shares a bullish expectation as Bitcoin replicates and confirms a Hidden Bull Pattern which previously led into one of the markets’ most powerful rallies, including altcoins.
