Famous on-chain analyst Charles Edwards stated that the Bitcoin (BTC) halving will move the historical low to 41.2 thousand dollars.
Charles Edwards in a recent social media post in the postBitcoin’s historical price bottom 41.2 thousand in 5 months He said it would be dollars.
In the post made by the analyst, it was stated that the halving of the reward will occur with the Bitcoin halving that will take place in April. Bitcoin will move its price up he emphasized.
Stating that the energy cost to produce one Bitcoin will double, Edwards said that inefficient miners to close after halving He stated that he would start.
In the last two halvings, the electricity cost was a % of the pre-halving values.65 and 50% of the time he bottomed out. The analyst said:
If the cost of electricity drops to 50% this time, this means that the historical price bottom for Bitcoin will be $ 41.2 thousand in just 5 months.
With the Bitcoin halving that will take place in April, miners The prize will be halved will fall.
According to CoinGecko data, Bitcoin, at the time of writing from $37,420 is being traded.