BitcoinShort
BTC production cost update (bearish)
BTC production cost indicator marks the average cost to produce a Bitcoin current day (66k). A support band on this indicator is marked around 45k, these areas are tremendously strong long term buy zones on capitulatory events. September tends to start off red. I do expect another down wick on the monthly to 52-54k but we cannot rule out 45k.
-September tends to end the month green followed up a bullish October
-I will have to push my 80k target out to Nov 1st unfortunately here
-With elections coming and a stacked witching hour on Sept 20, be patient for 2-3 more weeks
-September tends to end the month green followed up a bullish October
-I will have to push my 80k target out to Nov 1st unfortunately here
-With elections coming and a stacked witching hour on Sept 20, be patient for 2-3 more weeks
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.