Bitcoin miner behavior suggests a local bottom has formed at $80,000, according to recent analysis. Analyst BorisD notes that miners faced underpayment as mining revenue dipped below operating costs, a historical indicator of market bottoms. This situation led to forced selling and miner capitulation, reinforcing the $80,000 price floor. Currently, Bitcoin is trading at $90,898, with expectations of continued upward momentum if the price holds above this level.
Bitcoin Miner Activity Signals Local Bottom at $80,000
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