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$BTC | Miner Capitulation Is a Signal Worth Watching
Bitcoin is testing the $61K–$61.5K support while miner capitulation intensifies.
JPMorgan: • Mining cost: ~$78K/BTC • 20% of miners remain below cost. • 32K+ BTC sold by public miners in Q1. • Mining difficulty down 10%.
History shows that when forced miner selling fades, Bitcoin often enters a stronger recovery phase.
Key levels: 📍 Support: $61K–$61.5K
🎯 Targets: $65K → $68K
❌ Invalidation: Daily close below $59K
Is miner capitulation signaling the next accumulation phase?
#BITCOIN" #BTC #Crypto