Bitcoin metric with ‘100% long hit rate’ predicts $23K BTC price floor By Cointelegraph

[ad_1]


© Reuters

(BTC) may offer investors a rare chance to buy at a support zone with a “100% long hit rate,” new analysis says.

In its latest update piece on Aug. 29, crypto asset manager Capriole Investments told investors to watch for a BTC price dip to $24,000.

Bitcoin production cost vs. electrical price vs. chart. Source: Capriole Investments
Bitcoin miner revenue chart. Source: James Straten/X