Author

Topic: Major price support level for BTC and altcoins. HODL! (Read 90 times)

full member
Activity: 251
Merit: 100
Based on a pricing model by Fundstrat, the cost of mining BTC is $8,038. This should thus be the a support level where the miners will rather hodl their coins than to sell at a loss.

The next fundamental support level is $3,000 to $4,000, where the shit hits the fan and miners are actually forced to shutdown.

Given that BTC has a high level of correlation with altcoins, any price support for BTC will almost inevitably act as a price support for altcoins as well.

Keep calm and hodl on!

https://www.cryptoinfomag.com/2018/03/17/btc-may-be-hitting-an-price-support-level-soon/
Jump to: