Top 3 Reasons Why Bitcoin Price Is About to Explode 25%
The post Top 3 Reasons Why Bitcoin Price Is About to Explode 25% appeared first on Coinpedia Fintech News
After dipping to $74k due to economic turmoil, Bitcoin has jumped 25% since then, but that might just be the beginning. Robert Breedlove, a top crypto expert, believes the real surge is yet to come. He’s pointing to three major signs that could mean a huge breakout for Bitcoin is right around the corner.
Ready to find out what’s next? Let’s dive in!
Miners Are Hitting Their LimitsThe first is the “Average Miner Cost of Production” chart shared by Blockware. This chart measures how much it costs, on average, to mine 1 Bitcoin. Looking at the pattern, Bitcoin price rarely stays below the cost of mining for long. Every time Bitcoin fell below it before, it was the lowest point before a big price jump.
It’s happened six times before, most recently in September 2024, and now, it’s flashing again.
I don’t normally speculate on short-term #Bitcoin price action — but some friends of mine have provided some fascinating perspectives that I want to share.