@MikeThomas
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#Bitcoin’s price sits at the lower bound of its production cost for the first time since the March 2020 #liquidity crisis as well. Moreover, We can see that whenever price hits the lower bound or upper bound of the #Bitcoin Production Cost Ribbon, we see a mid-term reveral in the market. Simply, this inidcates a relief rally coming soon ✌️🏻.
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No, that's not going to happen. Some miners will switch off the devices, the hashrate will fall and then the difficulty. Then mining will become profitable even at the lower price.