Under the current hash rate structure + the 2024 halving:

Bitcoin long-term price ≥ $70,000
to enable mainstream publicly listed mining companies to maintain operations overall without systemic losses

$50,000: Industry-wide losses

$60,000: Barely surviving, but most mining companies are still burning cash

$70,000: Industry begins to enter the "sustainable zone"

Above $80,000: Mining companies truly have operational leverage