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via BeInCrypto · By BeInCrypto Editorial

Bitcoin’s “Electrical Cost” Floor Sits at $48,694: Is That the Bottom?

BTC

BTC/USDT

$84,004.12

-0.70%

$84,004.12

-0.70%

(24s)

24h Volume

$14,451,997,032.79

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.3%

Long: 58.3%Short: 41.7%

Funding Rate

+0.0001%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,020.01

▼ -0.10%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$84,020.01

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):64.0

BeInCrypto Editorial

(08:01 PM UTC)

1 min read

Updated bySarah Chen

0 comments

Bitcoin (BTC) trades near $63,000 after recovering about 4%, yet it sits roughly 50% below its record high. One on-chain marker, the Bitcoin Electrical Cost near $48,694, now frames the question of where this bear market finally bottoms.

The indicator tracks the cost miners incur to produce each coin in terms of pure energy. Many analysts treat it as a hard floor because the price has rarely…

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BeInCrypto Editorial · BeInCrypto

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