$BTC ## UPDATE: $BTC BOTTOM TARGET According to the previous chart!! As it happens, my $BTC chart indicates the exact zone: **$53k–$49k** ### First: August will see a bull trap one more time. I don't know the exact level, but at least **$67k–$70k**, which I will keep updating. ### Second: Why did I set the **$53k–$49k** target, matching the previous $BTC chart? You can check previous posts or check the comments on this post. There is a reason for this: This is not some "conspiracy math" (*cocokologi*) like most of Crypto Twitter (CT) or anything like that. I will explain it right here, so please read carefully. ### 1. First: Electrical Production Cost!! Historically, $BTC production cost has often served as a strong support area, though not a guaranteed absolute bottom. $BTC can drop below production cost temporarily during a capitulation event before recovering (usually). Several benchmarks commonly used: * **(A) ELECTRICAL PRODUCTION COST:** Often acts as the absolute bottom zone. Currently estimated at around **$47,000**. * **Average production cost** (including electricity, hardware, operations): Currently ranges around **$75,000–$80,000** for many major miners. * **All-in production cost** (including debt interest, depreciation, etc.): Can reach **$90,000–$100,000+**. #### Previous Cycles: * **2018 Bear Market:** $BTC bottomed very close to the miners' production cost. * **March 2020 (COVID):** $BTC briefly dipped below production cost for "just a few days" before rebounding (NOTE THIS). * **2022 Bear Market:** $BTC dropped about 10–20% below the average production cost during miner capitulation. Conclusion if a major bear market occurs? * **Electrical cost area** (currently at **$47k**) serves as the extreme bottom zone in case of capitulation (The Ultimate Bottom). * **Average production cost area** (**$75k–$80k**) serves as the main support area that typically starts attracting accumulation. **ALREADY DISCOUNTED:** You can start DCA 1. Final Reason: BlackRock's Spot Bitcoin ETF (IBIT): Began trading concurrently with SEC approval on **January 11, 2024**. When the SEC was still led by: **Gary Gensler!!** The trading start date for (IBIT) was: **January 11, 2024**. $BTC price at that time: around **$46,000–$46,500**. On the first day of ETF trading, $BTC touched around **$49,000** (the highest level since late 2021), then closed around **$46,300** (closing price). overall Summary: * **EXTREME BOTTOM:** $43k–$46k * **EXTREME FEAR:** $49k–$53k * **NORMAL FEAR:** $54k–$59k So if $BTC hits the **$50k** mark? You should **DCA** into $BTC or any altcoins you deem worthy. And I will boldly say this!! You will **never** see $BTC below **$50k** ever again. **NEXT TARGET: $150k–180k FOR 1BTC**

BTC Trying Hard To Break The Horizontal Resistance On The 4H Timeframe. A Strong Successful Break And Hold Above This Zone Will Pump It Hard.$BTC

Congratulations to Clash users—carefully selected by the central bank and now officially featured in CCTV news footage. With the Clash Verge page open on the computer, even the proxy group received on-camera verification. This carries maximum credibility. $BTC ‌