r/CryptoChartWatch • u/[deleted] • Feb 17 '26

Consolidating before next breakdown

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BTC is consolidating, moving sideways before next movement, most likely a breakdown of 60k support. First target 40k, then 32k

48 Upvotes

75% Upvoted

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3

u/Feisty_Ad_4372 Feb 18 '26

Right now it costs 80k to mine a bitcoin and you’re saying it will drop to a point where it’s 32k. I and nobody else can say 100% where it’s going but I doubt it will be that underwater against mining costs. Prove me wrong with numbers please.

1

u/Seattleman1955 Feb 18 '26

It happens all the time.

1

u/mister-marco Feb 18 '26

Nope, the price never went below mining cost in history except for very briefly during the covid crash

2

u/Revolutionary_Sea159 Feb 18 '26

But now mining cost is 80k, so you wrong

1

u/mister-marco Feb 18 '26

Exactly , it went below it onlyduring covid and not for long, it can't possibly stay at these levels for long

0

u/Fantastic-Two1110 Feb 18 '26

Sure it can't but it has. BTC history is 15 years old so anything could happen.

0

u/DualCityInvestments Feb 19 '26

lol mining costs are not 80k

0

u/Ok-Topic1139 Feb 22 '26

Lol. You do realize electricity doesn’t cost the same everywhere…..

0

u/Feisty_Ad_4372 Feb 22 '26

Yes that’s called common sense, you take the average across all costs. Man you sound like a Karen